State lawmakers have passed a budget bill that lays out guidelines for distribution of Proposition 39 funds. It is anticipated that Governor Brown will sign the bill.
An estimated $464 million will go to to K-12 schools, community colleges, charter schools the first year, and about $550 million for the following four years. The majority of these funds will go to energy retrofit projects, with a portion (11 percent) allocated to a zero-interest loan fund, support for project implementation and workforce training.
Funds for energy projects will be distributed to districts based on their average daily attendance, with a portion provided to schools based on participation in Free and Reduced Meal Program (FRMP). Proposals for projects will be reviewed and approved according to guidelines to be developed by the California Energy Commission. Benchmarking, measurement and verification will be required to ensure that projects are accomplishing energy savings
“This is a gargantuan victory for the State of California,” said Senator Kevin De León, who co-chaired the Yes on Prop 39 campaign along with Tom Steyer and former U.S. Secretary of State George Schultz. “We equalized our tax code to benefit California businesses, we are creating thousands of jobs for the hard-hit construction industry, and we are greening California schools for improved student health and performance.”
The text of the bill is available here.