CA AB2591

Requires the Department of Finance to post on its website the total local property tax revenue, fee revenue, and federal oil and mineral resource revenue for community college districts that form the basis for General Fund appropriations, commencing with the 2013 Budget Act and retroactively for the 2012 Budget Act.

Requires the Chancellor of the California Community Colleges to certify to the Controller by December 31 and May 31 of each fiscal year the estimated and actual property tax and fee revenue for community college districts.

Authorizes the Controller to transfer funds between the General Fund and Section B of the State School Fund based on whether actual property tax and fee revenue received is greater or less than the amount certified as the basis for the Budget Act appropriations.

Expresses legislative intent to enact a community college local revenue backfill funding mechanism that automatically backfills property tax and fee revenue shortfalls through General Fund transfers.

Makes an appropriation and establishes this as subject to fiscal committee review.