(1)
Existing law appropriates $14,000,000 from the General Fund to Section A of the State School Fund for allocation by the Superintendent of Public Instruction to the Richmond Unified School District for the purpose of an emergency loan, subject to specified conditions.
This bill would repeal that appropriation, and would appropriate $14,000,000 from the Special Account for Capital Outlay to Section A of the State School Fund for that same purpose. The bill would also specify that any amounts appropriated pursuant to the appropriation authorized under AB 1273 shall be deemed to constitute an advance in the 1989–90 fiscal year for expenditures chargeable against the General Fund for the 1990–91 fiscal year.
The bill would require the Controller, as of January 1, 1990, to transfer from the General Fund to the Special Account for Capital Outlay an amount equal to the sum appropriated from that account under this bill.
(2)
Existing law provides for emergency apportionments to school districts and imposes certain requirements as conditions to an emergency apportionment. Existing law requires, as one of the conditions, that the Legislature shall have specifically appropriated sufficient funds to make the emergency apportionment and that the act making the appropriation contain a schedule of repayments with which the district is required to comply.
This bill would provide, in the event that AB 1273 is not enacted into law, that this requirement is deleted, and would add the requirement that the district develop a schedule to repay the emergency loan and submit it to the county superintendent of schools. The bill would require the county superintendent to review and comment on the repayment schedule and submit it to the Superintendent of Public Instruction for approval. The bill would require the Superintendent of Public Instruction, upon approving the repayment schedule and other prescribed conditions, to request the Controller to disburse the proceeds of the emergency loan to the district.
This bill would declare that it is to take effect immediately as an urgency statute.
Appropriation: yes.