CA AB13

Authorizes the issuance of $7,000,000,000 in state general obligation bonds for higher education facilities, subject to voter approval at the November 3, 2020 statewide general election.

Allocates bond proceeds as follows: $2,000,000,000 for University of California and Hastings College of the Law; $2,000,000,000 for California State University; and $3,000,000,000 specifically for construction of new California State University campuses established after January 1, 2021.

Establishes the 2020 Higher Education Facilities Bond Act Finance Committee, chaired by the State Treasurer and including the Governor, Controller, Director of Finance, UC President, and CSU Chancellor to oversee bond issuance and expenditure.

Permits bond proceeds to fund construction, reconstruction, remodeling of facilities, building acquisition, equipping of facilities, preconstruction costs, and off-campus facilities approved by the CSU Trustees on or before July 1, 2014.

Requires the University of California, California State University, and Hastings College of the Law to submit five-year capital outlay plans and seismic retrofitting prioritization schedules with any funding requests under the bond issue.