CA AB123

Establishes the California Career Passport Program, a $25 million initiative to create secure digital tools displaying individuals' academic records, credentials, and skills for use in employment applications and skills-based hiring by employers

Defers $408,363,000 in community college apportionment payments from the 2025-26 fiscal year to the 2026-27 fiscal year, with $300 million deferred from June and $108.363 million from May

Appropriates multiple one-time funds including $60 million for the Student Support Block Grant (basic needs, childcare, mental health services), $20 million for emergency financial assistance to students, $15 million for Dreamer Resource Liaisons, and $15 million for Credit for Prior Learning Initiative

Requires University of California to fund construction grants using revenue bonds for student housing projects at UC Davis ($43 million) and UC Santa Barbara ($43 million), and extends Cal Grant cohort default rate exemptions through the 2026-27 academic year using 2020 rates

Extends the Golden State Teacher Grant Program through June 30, 2026, providing up to $10,000 grants to students in teacher preparation programs who commit to working at priority schools for 2 years within 4 years of completing their program