Subcommittee hears progress on student housing grants and bond authority for campus projects
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.
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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 and two are in preliminary plans.
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