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Subcommittee hears progress on student housing grants and bond authority for campus projects

California State Senate Budget Subcommittee No. 1 on Education · March 19, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Department of Finance updated the subcommittee on 11 student housing projects tied to State Public Works Board lease revenue bonds; LAO noted $805 million in authorized bond authority and questioned reallocating unallocated authority amid changing budget conditions.

Department of Finance officials briefed the subcommittee on the community college student housing grant program tied to State Public Works Board lease‑revenue bond financing. Of the 11 projects referenced in testimony, two projects (Sierra and Lake Tahoe) are complete, three are in construction, four are in working drawings…

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