CA AB2887

Allows entities operating migrant farm labor centers to have flexible opening dates to accommodate seasonal and climate changes, subject to resident council approval and other specified conditions.

Permits the Department of Housing and Community Development to enter into multiyear operating contracts with annual funding amendments, with contract decisions informed by annual resident data reports.

Changes reserve account requirements from "reserve account" to "capital reserve account" for excess operating funds, allowing cumulative balances to exceed 10% of annual operating funds if authorized by the department, with mandatory annual reporting to the department.

Restricts capital reserve account use to capital improvements such as replacing structural elements, furniture, fixtures, or equipment necessary to preserve the migrant farm labor center.