CA SB22

Authorizes $15.5 billion in state general obligation bonds for school facilities, community college facilities, and university capital projects, subject to voter approval at the 2022 election.

Increases school district bonding capacity limits from 1.25% to 2% of taxable property, and raises unified school district limits from 2.5% to 4%, enabling districts to issue more local bonds for facilities.

Allocates bond proceeds for K-12 school facility improvements including $2.8 billion for new construction, $5.2 billion for modernization, $150 million for lead remediation in water systems, and funding for seismic safety and health hazard mitigation.

Establishes new requirements for school districts to submit five-year facilities master plans and creates prioritized processing procedures for modernization and new construction applications based on health/safety needs, financial hardship, and unduplicated pupil percentages.

Provides $2 billion for California Community Colleges capital projects and $4 billion for University of California and California State University facilities, with conditions requiring five-year affordable student housing plans before receiving funds.