BILL NUMBER: SB 1423INTRODUCED BILL TEXT INTRODUCED BY Senator Romero FEBRUARY 19, 2010 An act relating to the Race to the Top program. LEGISLATIVE COUNSEL'S DIGEST SB 1423, as introduced, Romero. Race to the Top program. The federal American Recovery and Reinvestment Act of 2009 (ARRA), provides $4.3 billion for the State Incentive Grant Fund (Race to the Top Fund), which is a competitive grant program designed to encourage and reward states that are implementing specified educational objectives. The ARRA requires a Governor to apply on behalf of a state seeking a Race to the Top grant, and requires the application to include specified information. The United States Secretary of Education has issued regulations and guidelines regarding state eligibility under the Race to the Top program. This bill would state the intent of the Legislature to enact legislation relating to the Race to the Top program. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. It is the intent of the Legislature to enact legislation relating to the Race to the Top program.