Leadership to Create New Jobs, Protect Neighborhoods from Violent Crime and Restore Confidence in County Government
Assemblyman Curt Hagman’s Bill Increasing Sustainability of School Facility Funding Signed into Law
Sacramento — Today, Assemblyman Curt Hagman’s (R-Chino Hills) Assembly Bill 308, which would ensure school facility funding programs are not taken advantage of, was signed into law by Governor Jerry Brown.
“Assembly Bill 308 is a pragmatic approach to establishing a more efficient and sustainable system for school facility funding,” said Assemblyman Hagman. “This bill ensures that capital improvement money allocated from the state goes to the purpose funded, while at the same time creating more funding opportunities for educational institutions.”
AB 308 authorizes the State Allocation Board to establish a program requiring school districts, charter schools, and county offices of education (COE) that sell real property initially purchased, constructed or modernized using state funds within 10 years prior, to return to the state general fund the state’s portion in specified instances. Exceptions apply when the property is sold to another school district, charter school, COE, or agency that will use the facility for child care/preschools, or if the proceeds from the sale of the property are used for capital improvements.
Paid for by Curt Hagman for Supervisor 2018
ID # 1373656 • 3045 Archibald Ste H265 • Ontario CA 91761