Lease Revenue Bonds
California’s public education system is the largest in the nation. The system includes kindergarten through grade 12 school districts, community college districts, California State University, University of California, Hastings College of the Law, and the California State Library. The education system serves over 8.4 million full time equivalent students at over 9,700 schools. Because our primary and secondary school system helps develop tomorrow's workforce, the $10.4 billion provided through Proposition 1D is needed to help build and maintain this large education system.
$7.3 billion for: the construction of new, modernization of existing, and creation of new charter, joint-use, and small high school facilities. In addition, new funding is provided for: the creation of career technical education facilities; reduction of severely overcrowded sites; incentives for the construction of high performance "green" schools; and, the seismic mitigation of the most vulnerable school facilities.
$890 million is provided for the 10 University of California (UC) campuses to construct and renovate facilities to meet the demands of its growing population and address necessary seismic / life safety needs and renewal for existing facilities. Of this $890 million, $200 million is for telemedicine and will be used to provide facilities and state-of-the-art equipment needed to expand the UC's medical education programs, so that more physicians are trained and better qualified to meet health care needs in underserved areas, including rural and inner-city areas.
$690 million is provided for the 23 California State University campuses to construct and renovate facilities to meet the demands of its growing population and address necessary seismic / life safety needs and renewal for existing facilities.
$1.5 billion is for the 72 California Community College districts that provide services at 110 colleges and 65 off-campus centers to their approximately 2.5 million students.