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HOT TOPICS for the April 28, 2010 State Allocation Board Meeting. Presented By. Status of Fund Releases. General Obligation Bond (April 2009 Sale). General Obligation Bond/Proposition 1D (March 2009 Sale). General Obligation Bond (October Sale) and Commercial Paper (November).
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General Obligation Bond (April 2009 Sale)
General Obligation Bond/Proposition 1D (March 2009 Sale)
General Obligation Bond (October Sale) and Commercial Paper (November)
* Reflects posting to reduce administrative cost for2010-2011 fiscal year. Administrative cost will be determined in Governor’s 2010-2011 Budget Act.
General Obligation Bond (November Sale) and Commercial Paper (December)
The projects activated at the February 24, 2010 SAB will be processed from the proceeds received in November and December 2009. The tax certification was submitted to the State Treasurer’s Office on March 10, 2010 and completed by the Treasurer’s on April 15 and 19th, 2010.
General Obligation Bond (March 2010 Sale)
Projects that will be activated for these funds are currently being determined.
* Previously June showed accumulations of three months of fund releases (April, May and June). Starting April 2010 SAB the bar is broken down into three separate months.
Charter School Facilities ProgramAgreements—Additional Versions
Priorities in Funding
School Facility Program Activation of Unfunded Approvals
Bond proceeds received from sales must be allocated according to the restrictions placed on the use of those funds.
The OPSC has requested direction from the SAB on prioritizing the remaining $415.8 million for additional apportionments.
High Performance Incentive Grant Funding
Office of Public School Construction Earthquake Relief Measures
Bin Time Statistics:
Plan Review Updates:
Projects in the bin 1-21-2010: 285
Received through 4-23-2010: 513
TOTAL: 798 projects
Incomplete Submittals: 279 projects
35% of total
Average days before missing
documents were submitted : 47 days
Prioritization of Plan Reviews:
Prioritization of Plan Reviews (cont.):
Plans to improve the process:
Seismic Mitigation Program Outreach:
The Division of the State Architect