Today's Law As Amended


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AB-48 Education finance: postsecondary education facilities: College Health and Safety Bond Act of 2026.(2025-2026)



As Amends the Law Today


SECTION 1.

 Part 71 (commencing with Section 101200) is added to Division 14 of Title 3 of the Education Code, to read:

PART 71. The College Health and Safety Bond Act of 2026

CHAPTER  1. General Provisions
101200.
 This part shall be known, and may be cited, as the College Health and Safety Bond Act of 2026.
101201.
 The incorporation of, or reference to, any provision of state statutory law in this part includes all acts amendatory thereof and supplementary thereto.
101202.
 Bonds in the total amount of ____ dollars ($____), not including the amount of any refunding bonds issued in accordance with Sections 101221 and 101242, may be issued and sold for the purposes set forth in Sections 101212, 101231, and 101232. The bonds, when sold, issued, and delivered, shall be and constitute a valid and binding obligation of the State of California, and the full faith and credit of the State of California is hereby pledged for the punctual payment of the principal of, and interest on, the bonds as the principal and interest become due and payable.
101203.
 It is the intent of the Legislature to address the crisis of school facilities for all California students attending public community colleges and universities to:
(a) Upgrade public school facilities for earthquakes and other emergencies.
(b) Provide emergency funding to reopen schools following major disasters, including fires.
(c) Remove mold, asbestos, and other hazardous materials from classrooms and lead from school drinking water.
(d) Repair and replace aging public school buildings.
(e) Provide space for school nurses and counselors to increase student access to health care and mental health services.
(f) Modernize job, career, and vocational training facilities, including for veterans returning from duty.
(g) Require independent audits and public hearings to provide accountability for taxpayer dollars.
(h) Cap administrative costs at 5 percent.
101204.
 Not more than 5 percent of the funds allocated pursuant to this part may be used to support the costs to administer the programs authorized by this act.
CHAPTER  2. California Community College Facilities
Article  1. General Provisions
101210.
 (a) The 2026 California Community College Capital Outlay Bond Fund is hereby established in the State Treasury for deposit of funds from the proceeds of bonds, not including the proceeds of any refunding bonds issued in accordance with Section 101221, issued and sold for the purposes of this chapter.
(b) The Higher Education Facilities Finance Committee established pursuant to Section 67353 is hereby continued in existence to act as the committee, as defined in the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code), for purposes of this chapter and to provide funds to aid the California Community Colleges.
Article  2. California Community College Program Provisions
101211.
 (a) From the proceeds of bonds issued and sold pursuant to Article 3 (commencing with Section 101212), the sum of ____ ($____) shall be deposited in the 2026 California Community College Capital Outlay Bond Fund for purposes of this chapter. When appropriated, these funds shall be available for expenditure for purposes of this chapter.
(b) The purposes of this chapter include assisting in meeting the capital outlay financing needs of the California Community Colleges.
(c) Proceeds from the sale of bonds issued and sold for purposes of this chapter may be used to fund construction on existing campuses, including the construction of buildings and the acquisition of related fixtures, construction of intersegmental facilities, the renovation and reconstruction of facilities, site acquisition, the equipping of new, renovated, or reconstructed facilities, which equipment shall have an average useful life of 10 years, and to provide funds for the payment of preconstruction costs, including, but not limited to, preliminary plans and working drawings for facilities of the California Community Colleges.
(d) For purposes of this section, “intersegmental” means may be used by more than one segment of public higher education.
Article  3. California Community College Fiscal Provisions
101212.
 (a) Of the total amount of bonds authorized to be issued and sold pursuant to Chapter 1 (commencing with Section 101200), bonds in the total amount of ____ dollars ($____), not including the amount of any refunding bonds issued in accordance with Section 101221, may be issued and sold to provide a fund to be used for carrying out the purposes expressed in this chapter and to reimburse the General Obligation Bond Expense Revolving Fund pursuant to Section 16724.5 of the Government Code.
(b) Pursuant to this section, the Treasurer shall sell the bonds authorized by the Higher Education Facilities Finance Committee established pursuant to Section 67353 at any different times necessary to service expenditures required by the apportionments.
101213.
 (a) The bonds authorized by this chapter shall be prepared, executed, issued, sold, paid, and redeemed as provided in the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code). The provisions of that law, including all acts amendatory thereof and supplementary thereto, apply to those authorized bonds and this chapter, and are hereby incorporated into this chapter as though set forth in full within this chapter, except that subdivisions (a) and (b) of Section 16727 of the Government Code shall not apply to the bonds authorized by this chapter.
(b) For purposes of the State General Obligation Bond Law, each state agency administering an appropriation of the 2026 Community College Capital Outlay Bond Fund is designated as the “board” for projects funded pursuant to this chapter.
(c) The proceeds of the bonds issued and sold pursuant to this chapter shall be available for the purpose of funding aid to the California Community Colleges for the construction on existing or new campuses, and their respective off-campus centers and joint use and intersegmental facilities, as set forth in this chapter.
101214.
 The Higher Education Facilities Finance Committee established pursuant to Section 67353 shall authorize the issuance of bonds under this chapter only to the extent necessary to fund the related apportionments for the purposes described in this chapter that are expressly authorized by the Legislature in the annual Budget Act. Pursuant to that legislative direction, the committee shall determine by resolution whether or not it is necessary or desirable to issue bonds authorized pursuant to this chapter in order to carry out the purposes described in this chapter and, if so, the amount of bonds to be issued and sold. Successive issues of bonds may be authorized and sold to carry out those actions progressively, and it is not necessary that all of the bonds authorized to be issued be sold at any one time.
101215.
 There shall be collected each year and in the same manner and at the same time as other state revenue is collected, in addition to the ordinary revenues of the state, a sum in an amount required to pay the principal of, and interest on, the bonds each year. It is the duty of all officers charged by law with any duty in regard to the collection of the revenue to do and perform each and every act that is necessary to collect that additional sum.
101216.
 Notwithstanding Section 13340 of the Government Code, there is hereby appropriated from the General Fund in the State Treasury, for the purposes of this chapter, an amount that equals the total of the following:
(a) The sum annually necessary to pay the principal of, and interest on, bonds issued and sold pursuant to this chapter, as the principal and interest become due and payable.
(b) The sum necessary to carry out Section 101219, appropriated without regard to fiscal years.
101217.
 The board, as defined in subdivision (b) of Section 101213, may request the Pooled Money Investment Board to make a loan from the Pooled Money Investment Account or any other approved form of interim financing, in accordance with Section 16312 of the Government Code, for the purpose of carrying out this chapter. The amount of the request shall not exceed the amount of the unsold bonds that the Higher Education Facilities Finance Committee, by resolution, has authorized to be sold for the purpose of carrying out this chapter excluding any refunding bonds authorized pursuant to Section 101221, less any amount loaned and not yet repaid pursuant to this section and withdrawn from the General Fund pursuant to Section 101219 and not yet returned. The board, as defined in subdivision (b) of Section 101213, shall execute any documents required by the Pooled Money Investment Board to obtain and repay the loan. Any amounts loaned shall be deposited in the 2026 California Community College Capital Outlay Bond Fund to be allocated by the board in accordance with this chapter.
101218.
 Notwithstanding any other provision of this chapter, or of the State General Obligation Bond Law, if the Treasurer sells bonds pursuant to this chapter that include a bond counsel opinion to the effect that the interest on the bonds is excluded from gross income for federal tax purposes under designated conditions or is otherwise entitled to any federal tax advantage, the Treasurer may maintain separate accounts for the investment of bond proceeds and for the investment earnings on those proceeds. The Treasurer may use or direct the use of those proceeds or earnings to pay any rebate, penalty, or other payment required under federal law or take any other action with respect to the investment and use of those bond proceeds required or desirable under federal law to maintain the tax-exempt status of those bonds and to obtain any other advantage under federal law on behalf of the funds of this state.
101219.
 (a) For purposes of carrying out this chapter, the Director of Finance may authorize the withdrawal from the General Fund of an amount not to exceed the amount of the unsold bonds, excluding any refunding bonds authorized pursuant to Section 101221, less any amount loaned and not yet repaid pursuant to this section and withdrawn from the General Fund pursuant to Section 101217 and not yet returned, that have been authorized by the Higher Education Facilities Finance Committee to be sold for the purpose of carrying out this chapter. Any amounts withdrawn shall be deposited in the 2026 California Community College Capital Outlay Bond Fund consistent with this chapter. Any money made available under this section shall be returned to the General Fund, plus an amount equal to the interest that the money would have earned in the Pooled Money Investment Account, from proceeds received from the sale of bonds for purposes of carrying out this chapter.
(b) Any request forwarded to the Legislature and the Department of Finance for funds from this bond issue for expenditure for the purposes described in this chapter by the California Community Colleges shall be accompanied by the five-year capital outlay plan that reflects the needs and priorities of the community college system and is prioritized on a statewide basis. Requests shall include a schedule that prioritizes the seismic retrofitting needed to significantly reduce, in the judgment of the particular college, seismic hazards in buildings identified as high priority by the college.
101220.
 All moneys deposited in the 2026 California Community College Capital Outlay Bond Fund that are derived from premium and accrued interest on bonds sold pursuant to this chapter shall be reserved in the fund and shall be available for transfer to the General Fund as a credit to expenditures for bond interest, except those amounts derived from premium may be reserved and used to pay the cost of the bond issuance before any transfer to the General Fund.
101221.
 The bonds issued and sold pursuant to this chapter may be refunded in accordance with Article 6 (commencing with Section 16780) of Chapter 4 of Part 3 of Division 4 of Title 2 of the Government Code, which is a part of the State General Obligation Bond Law. Approval by the voters of the state for the issuance of the bonds described in this chapter includes the approval of the issuance of any bonds issued to refund any bonds originally issued under this chapter or any previously issued refunding bonds. Any bond refunded with the proceeds of refunding bonds as authorized by this section may be legally defeased to the extent permitted by law in the manner and to the extent set forth in the resolution, as amended from time to time, authorizing that refunded bond.
101222.
 The proceeds from the sale of bonds authorized by this chapter are not “proceeds of taxes” as that term is used in Article XIII   B of the California Constitution, and the disbursement of these proceeds is not subject to the limitations imposed by that article.
CHAPTER  3. University Facilities
Article  1. General Provisions
101230.
 (a) (1) The system of public universities in this state includes the University of California, the college named in Section 92200, and the California State University, and their respective off-campus centers.
(2) The Charles R. Drew University of Medicine and Science shall be considered an off-campus center within the University of California.
(b) The 2026 University Capital Outlay Bond Fund is hereby established in the State Treasury for deposit of funds from the proceeds of bonds, not including the proceeds of any refunding bonds issued in accordance with Section 101242, issued and sold for the purposes of this chapter.
(c) (1) The Higher Education Facilities Finance Committee established pursuant to Section 67353 is hereby continued in existence to act as the committee, as defined in the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code), for purposes of this chapter to provide funds to aid the University of California, including the Charles R. Drew University of Medicine and Science, the college named in Section 92200, and the California State University.
(2) The addition of the college named in Section 92200 to this section clarifies the Legislature’s intent regarding, and is not intended to mark a change from, the funding authorizations made by Section 67354, as set forth in the Higher Education Facilities Bond Act of 1986, or by Section 67334, as set forth in the Higher Education Facilities Bond Act of 1988.
Article  2. Program Provisions Applicable to the University of California and the College Named in Section 92200
101231.
 (a) From the proceeds of bonds issued and sold pursuant to Article 4 (commencing with Section 101233), the sum of ____ dollars ($____) shall be deposited in the 2026 University Capital Outlay Bond Fund for purposes of this chapter. Of those moneys, the sum of fifty million dollars ($50,000,000) shall be reserved for allocation to the Charles R. Drew University of Medicine and Science. When appropriated, these funds shall be available for expenditure for purposes of this chapter.
(b) The purposes of this chapter include assisting in meeting the capital outlay financing needs of the University of California, including the Charles R. Drew University of Medicine and Science, and the college named in Section 92200.
(c) The proceeds of the bonds issued and sold pursuant to this chapter shall be available for any of the following:
(1) (A) The construction, reconstruction, and remodeling of existing or new facilities, including the construction of buildings and the acquisition of related fixtures.
(B) Any bond proceeds expended for the Charles R. Drew University of Medicine and Science shall be for the construction, reconstruction, and remodeling of their medical education program facilities.
(2) The equipping of new, renovated, or reconstructed facilities.
(3) The payment of preconstruction costs, including, but not necessarily limited to, preliminary plans and working drawings.
(4) The renovation and reconstruction of facilities.
(5) The construction or improvement of off-campus and on-campus facilities of the University of California approved by the Regents of the University of California, including the acquisition of sites upon which these facilities are to be constructed.
Article  3. Program Provisions Applicable to the California State University
101232.
 (a) From the proceeds of bonds issued and sold pursuant to Article 4 (commencing with Section 101233), the sum of ____ dollars ($____) shall be deposited in the 2026 University Capital Outlay Bond Fund for the purposes of this chapter. When appropriated, these funds shall be available for expenditure for the purposes of this chapter.
(b) The purposes of this chapter include assisting in meeting the capital outlay financing needs of the California State University.
(c) The proceeds of the bonds issued and sold pursuant to this chapter shall be available for any of the following:
(1) The construction, reconstruction, and remodeling of existing or new facilities, including the construction of buildings and the acquisition of related fixtures.
(2) The equipping of new, renovated, or reconstructed facilities.
(3) The payment of preconstruction costs, including, but not necessarily limited to, preliminary plans and working drawings.
(4) The renovation and reconstruction of facilities.
(5) The construction or improvement of off-campus and on-campus facilities of the California State University approved by the Board of Trustees of the California State University, including the acquisition of sites upon which these facilities are to be constructed.
Article  4. University Fiscal Provisions
101233.
 (a) Of the total amount of bonds authorized to be issued and sold pursuant to Chapter 1 (commencing with Section 101200), bonds in the amount of ____ dollars ($____), not including the amount of any refunding bonds issued in accordance with Section 101242, may be issued and sold to provide a fund to be used for carrying out the purposes expressed in this chapter and to reimburse the General Obligation Bond Expense Revolving Fund pursuant to Section 16724.5 of the Government Code.
(b) Pursuant to this section, the Treasurer shall sell the bonds authorized by the Higher Education Facilities Finances Committee, established pursuant to Section 67353, at any different times necessary to service expenditures required by the apportionments.
(c) (1) It is the intent of the Legislature that the University of California and the California State University annually consider the inclusion of intersegmental facilities as part of those entities’ annual capital outlay planning process and that on or before May 15th of each year, those entities report their findings to the budget committees of each house of the Legislature.
(2) For purposes of this subdivision, “intersegmental” means may be used by more than one segment of public higher education.
101234.
 (a) The bonds authorized by this chapter shall be prepared, executed, issued, sold, paid, and redeemed as provided in the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code). The provisions of that law, including all acts amendatory thereof and supplementary thereto, apply to those authorized bonds and this chapter, and are hereby incorporated into this chapter as though set forth in full within this chapter, except that subdivisions (a) and (b) of Section 16727 of the Government Code shall not apply to the bonds authorized by this chapter.
(b) For the purposes of the State General Obligation Bond Law, each state agency administering an appropriation of the 2026 University Capital Outlay Bond Fund is designated as the “board” for projects funded pursuant to this chapter.
(c) The proceeds of the bonds issued and sold pursuant to this chapter shall be available for the purpose of funding aid to the University of California, including the Charles R. Drew University of Medicine and Science, the college named in Section 92200, and the California State University, for the construction on existing or new campuses, and their respective off-campus centers and joint use and intersegmental facilities, as set forth in this chapter.
101235.
 The Higher Education Facilities Finance Committee established pursuant to Section 67353 shall authorize the issuance of bonds under this chapter only to the extent necessary to fund the apportionments for the purposes described in this chapter that are expressly authorized by the Legislature in the annual Budget Act. Pursuant to that legislative direction, the committee shall determine whether or not it is necessary or desirable to issue bonds authorized pursuant to this chapter in order to carry out the purposes described in this chapter and, if so, the amount of bonds to be issued and sold. Successive issues of bonds may be authorized and sold to carry out those actions progressively, and it is not necessary that all of the bonds authorized to be issued be sold at any one time.
101236.
 There shall be collected each year and in the same manner and at the same time as other state revenue is collected, in addition to the ordinary revenues of the state, a sum in an amount required to pay the principal of, and interest on, the bonds each year. It is the duty of all officers charged by law with any duty in regard to the collection of the revenue to do and perform each and every act which is necessary to collect that additional sum.
101237.
 Notwithstanding Section 13340 of the Government Code, there is hereby appropriated from the General Fund in the State Treasury, for the purposes of this chapter, an amount that equals the total of the following:
(a) The sum annually necessary to pay the principal of, and interest on, bonds issued and sold pursuant to this chapter, as the principal and interest become due and payable.
(b) The sum necessary to carry out Section 101240, appropriated without regard to fiscal years.
101238.
 The board, as defined in subdivision (b) of Section 101234, may request the Pooled Money Investment Board to make a loan from the Pooled Money Investment Account or any other approved form of interim financing, in accordance with Section 16312 of the Government Code, for the purpose of carrying out this chapter. The amount of the request shall not exceed the amount of the unsold bonds that the Higher Education Facilities Finance Committee, by resolution, has authorized to be sold for the purpose of carrying out this chapter, excluding any refunding bonds authorized pursuant to Section 101242. The board, as defined in subdivision (b) of Section 101234, shall execute any documents required by the Pooled Money Investment Board to obtain and repay the loan. Any amounts loaned shall be deposited in the 2026 University Capital Outlay Bond Fund to be allocated by the board in accordance with this chapter.
101239.
 Notwithstanding any other provision of this chapter, or of the State General Obligation Bond Law, if the Treasurer sells bonds pursuant to this chapter that include a bond counsel opinion to the effect that the interest on the bonds is excluded from gross income for federal tax purposes under designated conditions, or is otherwise entitled to any federal tax advantage, the Treasurer may maintain separate accounts for the investment of bond proceeds and for the investment earnings on those proceeds. The Treasurer may use or direct the use of those proceeds or earnings on those proceeds to pay any rebate, penalty, or other payment required under federal law or take any other action with respect to the investment and use of those bond proceeds required or desirable under federal law to maintain the tax-exempt status of those bonds and to obtain any other advantage under federal law on behalf of the funds of this state.
101240.
 (a) For purposes of carrying out this chapter, the Director of Finance may authorize the withdrawal from the General Fund of an amount not to exceed the amount of the unsold bonds, excluding any refunding of bonds authorized pursuant to Section 101242, that have been authorized by the Higher Education Facilities Finance Committee to be sold for the purpose of carrying out this chapter. Any amounts withdrawn shall be deposited in the 2026 University Capital Outlay Bond Fund consistent with this chapter. Any money made available under this section shall be returned to the General Fund, plus an amount equal to the interest that the money would have earned in the Pooled Money Investment Account, from proceeds received from the sale of bonds for purposes of carrying out this chapter.
(b) Any request forwarded to the Legislature and the Department of Finance for funds from this bond issued for expenditure for the purposes described in this chapter by the University of California, the college named in Section 92200, or the California State University shall be accompanied by the five-year capital outlay plan of the particular university or college.
(c) Any request forwarded to the Legislature and the Department of Finance for funds from this bond issued for expenditure for the purposes described in this chapter by the Charles R. Drew University of Medicine and Science shall include documents related to the establishment of its medical education program.
101241.
 All moneys deposited in the 2026 University Capital Outlay Bond Fund that are derived from premium and accrued interest on bonds sold pursuant to this chapter shall be reserved in the fund and shall be available for transfer to the General Fund as a credit to expenditures for bond interest, except those amounts derived from premium may be reserved and used to pay the costs of the bond issuance before any transfer to the General Fund.
101242.
 The bonds issued and sold pursuant to this chapter may be refunded in accordance with Article 6 (commencing with Section 16780) of Chapter 4 of Part 3 of Division 4 of Title 2 of the Government Code, which is a part of the State General Obligation Bond Law. Approval by the voters of the state for the issuance of the bonds described in this chapter includes the approval of the issuance of any bonds issued to refund any bonds originally issued under this chapter or any previously issued refunding bonds. Any bond refunded with the proceeds of refunding bonds as authorized by this section may be legally defeased to the extent permitted by law in the manner and to the extent set forth in the resolution, as amended from time to time, authorizing that refunded bond.
101243.
 The proceeds from the sale of bonds authorized by this chapter are not “proceeds of taxes” as that term is used in Article XIII B of the California Constitution, and the disbursement of these proceeds is not subject to the limitations imposed by that article.
CHAPTER  4. Transparency and Accountability Provisions
101250.
 (a) (1) A governing board of a community college district, the Board of Trustees of the California State University, the Regents of the University of California, the Board of Trustees of the Charles R. Drew University of Medicine and Science, or the Board of Directors of the college named in Section 92200 shall ensure that an independent performance audit of any project funded in whole or in part from the proceeds of a bond authorized by this part is conducted to ensure that the use of the applicable funds has been reviewed for expenditure consistent with the requirements of all applicable laws.
(2) A performance audit conducted for any project funded in whole or in part from the proceeds of bonds authorized by this part and required by any other law shall be deemed to satisfy the requirements of paragraph (1).
(3) The result of any audit required by this subdivision shall be posted on the internet website of the applicable community college district, the California State University, the University of California, the Charles R. Drew University of Medicine and Science, or the college named in Section 92200.
(b) (1) Before approving a request for the consideration of a project, or projects, by the Legislature that would be funded by the proceeds of a bond authorized by this part, the governing board of a community college district shall hold at least one public hearing to solicit input from members of the public regarding a project, or projects, being requested for consideration.
(2) The public hearing required pursuant to paragraph (1) may:
(A) Occur at the same public hearing in which the governing board approves the project, or projects, seeking funds from this part.
(B) Be conducted as part of a regularly scheduled and publicly noticed hearing of the governing board.
(3) (A) A community college district shall post information regarding a project, or projects, seeking, or requesting, funds from this part that have been approved by the governing board of the community college district on its public internet website.
(B) The project information reflected on the internet website pursuant to subparagraph (A) shall include, but not be limited to, the location of the project, or projects, estimated project costs, and the estimated timeline for the completion of the project, or projects.
(4) (A) A community college district shall retain all financial accounts, documents, and records necessary for the audit required pursuant to subdivision (a).
(B) For purposes of this paragraph, a community college district may maintain records electronically, in compliance with any applicable state and federal laws.
(c) (1) Before approving a request for the consideration of a project, or projects, by the Legislature that would be funded by the proceeds of a bond authorized by this part, the Board of Trustees of the California State University, the Regents of the University of California, and the Board of Directors of the college named in Section 92200 shall hold at least one public hearing to solicit input from members of the public regarding a project, or projects, being requested for consideration.
(2) The public hearing required pursuant to paragraph (1) may:
(A) Occur at the same public hearing in which the governing entity approves the submission of the applicable project, or projects.
(B) Be conducted as part of a regularly scheduled and publicly noticed hearing of the governing entity.
(3) (A) The California State University, the University of California, and the college named in Section 92200 shall post information regarding a project, or projects, that have been approved for submission by the applicable governing body on their respective public internet websites.
(B) The project information reflected on the internet website pursuant to subparagraph (A) shall include, but not be limited to, the location of the project, or projects, estimated project costs, and the estimated timeline for the completion of the project, or projects.
(4) (A) The California State University, the University of California, and the college named in Section 92200, or its applicable campuses, shall retain all financial accounts, documents, and records necessary for the audit required pursuant to subdivision (a).
(B) For purposes of this paragraph, the California State University, the University of California, and the college named in Section 92200, or its applicable campuses, may maintain records electronically, in compliance with any applicable state and federal laws.

SEC. 2.

 Chapter 4.95 (commencing with Section 65998.5) is added to Division 1 of Title 7 of the Government Code, to read:

CHAPTER  4.95. Exceptions and Fee Calculations for Payment of Fees, Charges, Dedications, or Other Requirements Against a Development Project
65998.5.
 (a) Section 65995.7 shall be inoperative commencing on the earlier of January 1, ____, or the date the full amount of bonds authorized for new school facility construction pursuant to paragraph (1) of subdivision (a) of Section 101122 of the Education Code have been expended or apportioned, and shall remain inoperative until January 1, ____.
(b) Section 65995.7 shall again be operative on January 1, ____.
65998.6.
 The percentages reflected in Sections 15102, 15106, 15268, and 15270 of the Education Code, as those sections read on January 1, 2025, shall be used for purposes of calculating the fees authorized in Section 65995.5.

SEC. 3.

 Chapter 4.97 (commencing with Section 65999) is added to Division 1 of Title 7 of the Government Code, to read:

CHAPTER  4.97. Multifamily Housing Developments
65999.
 (a) Notwithstanding any other law, multifamily housing developments that are located no further than one-half mile from a major transit stop shall not be subject to any fee, charge, dedication, or other requirement for the construction or reconstruction of school facilities levied or imposed in connection with, or made a condition of, any legislative or adjudicative act, or both, by any state or local agency involving, but not limited to, the planning, use, or development of real property, or any change in governmental organization or reorganization, as defined in Section 56021 or 56073.
(b) Notwithstanding any other law, the maximum amount of any fee, charge, dedication, or other requirement for any multifamily housing development for which subdivision (a) does not apply shall be reduced by 20 percent from the amount calculated pursuant to Section 65995, 65995.5, or 65995.7, for the construction or reconstruction of school facilities levied or imposed in connection with, or made a condition of, any legislative or adjudicative act, or both, by any state or local agency involving, but not limited to, the planning, use or development of real property, or any change in governmental organization or reorganization, as defined in Section 56021 or 56073.
(c) For purposes of this chapter, the following definitions apply:
(1) “Major transit stop” has the same meaning as that term is defined in Section 21155 of the Public Resources Code.
(2) “Multifamily” means a structure containing more than one dwelling unit.
(d) This chapter shall become inoperative on January 1, ____, and as of June 1, ____, is repealed.
SEC. 4.
 The provisions of this act are severable. If any provision of this act or its application is held invalid, that invalidity shall not affect other provisions or applications that can be given effect without the invalid provision or application.
SEC. 5.
 Sections 1 to 3, inclusive, of this act shall take effect upon the adoption by the voters of the College Health and Safety Bond Act of 2026, as set forth in Section 1 of this act.
SEC. 6.
 Section 1 of this act shall be submitted to the voters at the ____, 2026, statewide primary election.