Pre-SAB Meeting ForumFebruary 23rd, 2011

Presented By

School Facility Program Funds Available

(in millions) Jan. 2011 Feb. 2011

Nov 2010 Bond Sale $1,393.3 $964.7

March 2010 Bond Sale 311.6 252.2

Nov/Dec 2009 Bond Sales 27.5 27.5

Oct/Nov 2009 Bond Sales 230.5 131.5

April 2009 Bond Sale 96.8 72.9

March 2009 Bond Sale .07 .07

Total Funds Available $2,060.4 $1,449.5

STATUS OF BOND AUTHORITYPropositions 1D, 55 & 47

New Construction Bond Authority - $14.674 billion*(in millions)

Remaining Bond Authority, $507.5

Unfunded Approvals, $530.3

Apportioned, $13,636.2

New Construction TotalsProp 1D 1,666.1$ Seismic Repair -$ Prop 55 5,055.4$ Prop 47 6,914.7$

Apportioned 13,636.2$ Prop 1D 28.2$ Seismic Repair 4.7$ Prop 55 436.7$ Prop 47 60.7$

Unfunded Approvals 530.3$ Prop 1D 6.2$ Seismic Repair 194.8$ Prop 55** 263.8$ Prop 47 42.7$

Remaining Bond Authority 507.5$ Grand Total 14,674.0$

Agenda Highlights

•Labor Compliance Program Proposed Regulations

•Priorities in School Construction Funding Apportionments

•Timeline Options for Charter School Facilities program (CSFP) Advance Fund Release Request

Implementation Committee Update

IMPLEMENTATION COMMITTEE UPDATE

Implementation Committee Update

• Next Implementation Committee meeting:

– March 10, 2011 from 9:30 a.m. to 3:30 p.m.– State Capitol, Room TBD, Sacramento

• Past agenda from February included:

– Labor Compliance Program– Minimum Request for Modernization Grant Funds

• Proposed agenda for March includes:– TBD

Questions and Answers

THANK YOU

• OPSC contact information:

email to: OPSCNews@dgs.ca.gov

or call: 916/376-1771