CALIFORNIA LEGISLATURE 20252026 REGULAR SESSION Assembly Bill No. 1296Introduced by Assembly Member BontaFebruary 21, 2025 An act relating to local educational agencies. LEGISLATIVE COUNSEL'S DIGESTAB 1296, as introduced, Bonta. Local educational agencies: reserve funds.Existing law requires the Superintendent of Public Instruction, the Controller, and the Director of Finance to develop and update standards and criteria to be reviewed and adopted by the State Board of Education, and to be used by local educational agencies in the development of annual budgets and the management of subsequent expenditures from that budget, as provided.This bill would state the intent of the Legislature to enact subsequent legislation relating to school district reserve fund restructuring to allow for the building of affordable housing.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. It is the intent of the Legislature to enact subsequent legislation relating to school district reserve fund restructuring to allow for the building of affordable housing.
CALIFORNIA LEGISLATURE 20252026 REGULAR SESSION Assembly Bill No. 1296Introduced by Assembly Member BontaFebruary 21, 2025 An act relating to local educational agencies. LEGISLATIVE COUNSEL'S DIGESTAB 1296, as introduced, Bonta. Local educational agencies: reserve funds.Existing law requires the Superintendent of Public Instruction, the Controller, and the Director of Finance to develop and update standards and criteria to be reviewed and adopted by the State Board of Education, and to be used by local educational agencies in the development of annual budgets and the management of subsequent expenditures from that budget, as provided.This bill would state the intent of the Legislature to enact subsequent legislation relating to school district reserve fund restructuring to allow for the building of affordable housing.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20252026 REGULAR SESSION
Assembly Bill
No. 1296
Introduced by Assembly Member BontaFebruary 21, 2025
Introduced by Assembly Member Bonta
February 21, 2025
An act relating to local educational agencies.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 1296, as introduced, Bonta. Local educational agencies: reserve funds.
Existing law requires the Superintendent of Public Instruction, the Controller, and the Director of Finance to develop and update standards and criteria to be reviewed and adopted by the State Board of Education, and to be used by local educational agencies in the development of annual budgets and the management of subsequent expenditures from that budget, as provided.This bill would state the intent of the Legislature to enact subsequent legislation relating to school district reserve fund restructuring to allow for the building of affordable housing.
Existing law requires the Superintendent of Public Instruction, the Controller, and the Director of Finance to develop and update standards and criteria to be reviewed and adopted by the State Board of Education, and to be used by local educational agencies in the development of annual budgets and the management of subsequent expenditures from that budget, as provided.
This bill would state the intent of the Legislature to enact subsequent legislation relating to school district reserve fund restructuring to allow for the building of affordable housing.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. It is the intent of the Legislature to enact subsequent legislation relating to school district reserve fund restructuring to allow for the building of affordable housing.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. It is the intent of the Legislature to enact subsequent legislation relating to school district reserve fund restructuring to allow for the building of affordable housing.
SECTION 1. It is the intent of the Legislature to enact subsequent legislation relating to school district reserve fund restructuring to allow for the building of affordable housing.
SECTION 1. It is the intent of the Legislature to enact subsequent legislation relating to school district reserve fund restructuring to allow for the building of affordable housing.
### SECTION 1.