December 8, 2014
Minutes
The minutes from the October 16, 2014 meeting were approved unanimously.
Executive Officer Statement
Lisa Silverman provided updates on the following:
August 21, 2014
Minutes
The minutes from the June 25, 2014 meeting were approved unanimously.
Executive Officer Statement
Lisa Silverman provided updates on the following:
– Emergency Repair Program – The State Allocation Board (Board) is approving funding for 489 ERP projects worth $93.4 million for 54 local education agencies. Fund releases will be automatically processed to recipients. $188.5 million was provided for ERP in the 2014 Budget Act, and the remaining funds are expected to be available as early as October.
May 29, 2014
Minutes
The minutes from the March 26, 2014 and April 7, 2014 meetings were approved unanimously.
Executive Officer Statement
Lisa Silverman provided updates on the following items:
– Fund Releases for Priority Funding Apportionments – 103 projects in 44 school districts received apportionments on April 7, 2014. These districts must submit a valid fund release (Form SAB 50-05) by Monday, July 7, 2014 or be subject to non-participation regulations.
March 27, 2014
Minutes
The minutes from the January 22, 2014 meeting were approved unanimously.
Executive Officer Statement
Lisa Silverman provided updates on the following items:
– State GO Bond Sale: Based on the most recent state bond sale, $341.6 million has been made available to fund School Facility Program (SFP) projects. The SAB will hold a consent-only meeting on April 7, 2014 to make apportionments.
March 3, 2014
The State Treasurer’s Office has announced that the State of California will sell up to $1.6 billion in various General Obligation bonds at its spring sale. The official sale date is Thursday, March 13. We don’t yet know what programs will be included in the bond sale and whether or not school construction bonds will be sold; this information will become available after the sale has been completed. In 2013, schools received a total of $848.5 million from spring and fall bond sales. There are currently projects worth $546 million on the Unfunded Approvals (Lack of AB 55 Loans) list, within bond authority and awaiting cash.
~ Rebekah Cearley