CA AB48

Establishes the College Health and Safety Bond Act of 2026, a state general obligation bond measure to construct and modernize higher education facilities at California Community Colleges, California State University, and University of California (bond amount to be determined)

Requires CSU and UC to adopt five-year affordable student housing plans for each campus covering 2026-27 through 2030-31, detailing housing capacity, costs, affordability goals, and efforts to increase affordable housing for low-income students eligible for Cal Grant awards

Mandates annual progress reports to the Department of Finance and Legislature by October 15 each year, with a final systemwide report due October 15, 2031

Caps administrative costs at 5% of allocated funds and requires independent performance audits and public hearings before projects can be approved for bond funding

Authorizes bond proceeds for seismic upgrades, emergency repairs, hazardous material removal, student and employee housing construction, and modernization of career training facilities at community colleges and universities