CA SB869

Prohibits the State Allocation Board from approving funding for $100 million in high-performance school incentive grants on or after January 1, 2015, with unapproved amounts reallocated 50% to new construction and 50% to modernization of school facilities.

Prohibits the State Allocation Board from approving projects under the Career Technical Education Facilities Program on or after January 1, 2015, with unapproved amounts from the $500 million allocation reallocated 50% to new construction and 50% to modernization of school facilities.

Requires the Office of Public School Construction to report to the State Allocation Board and Legislature by March 1, 2015, on efforts to streamline and speed up the award of seismic mitigation funds.

Declares the act consistent with and furthering the purposes of the Kindergarten-University Public Education Facilities Bond Act of 2006 and takes effect immediately as an urgency statute.