CA AB1199

Requires the California Community Colleges Board of Governors to adopt a stabilization formula for calculating revenue levels for community college districts facing accreditation sanctions (probation or "show cause" status).

Provides revenue adjustments for qualifying districts that identify a new funding source to cover fund liabilities over two years and submit an improvement plan to the Chancellor that includes a six-month accreditation compliance report and a timetable for full accreditation response.

Requires decreases in full-time equivalent students (FTES) at qualifying districts to result in revenue reductions beginning the year after the district qualifies for stabilization funding, calculated at the district's marginal funding per FTES.

Mandates that qualifying districts make equal installment payments in the second and third years of stabilization to cover the difference between revenue they would have received under standard formulas and actual revenue received under the stabilization formula.

Takes effect immediately as an urgency statute.