Education finance.

Existing law appropriates the sum of $402,000,000 from the General Fund to the Superintendent of Public Instruction for the 2009–10 fiscal year to be allocated to schoolsites selected to participate in the Quality Education Investment Act of 2006 (QEIA) program, as specified. Existing law requires the Superintendent, for each school district and chartering authority receiving an allocation pursuant to these provisions, to reduce its revenue limit or its general purpose entitlement, as specified, for the 2009–10 school year by the amount of the allocation received pursuant to these provisions. This bill would repeal those provisions and would instead allocate the sum of $355,000,000 from the General Fund to the Superintendent for the 2009–10 fiscal year to the schoolsites selected to participate in the QEIA program. The bill would require the Superintendent to allocate $64,872,000 in specified one-time carryover funds provided to the state under Title I of the federal Elementary and Secondary Education Act (20 U.S.C. Sec. 6303 et seq.) , and to allocate $100,000,000 in ongoing funds and one-time funds allocated under Title I pursuant to the federal American Recovery and Reinvestment Act of 2009 for the purpose of awarding grants to local educational agencies that participate in the QEIA program. The bill would reduce the total amount appropriated from the General Fund by the amount of federal funds allocated pursuant to those provisions, to the extent that the federal funds are available for the purposes of awarding grants to local educational agencies that participate in the Quality Education Investment Act program in the 2009–10 fiscal year, as specified. The bill would appropriate the sum of $20,000,000 from the Proposition 98 Reversion Account to the Superintendent to be allocated to schoolsites selected to participate in the QEIA program, subject to reduction by the total amount of federal funds available pursuant to those provisions. The bill would require the Superintendent, on or before February 15, 2010, to submit a specified plan for the use of prior year and ongoing Federal School Improvement Funds. The California Constitution authorizes the Governor to declare a fiscal emergency and to call the Legislature into special session for that purpose. The Governor issued a proclamation declaring a fiscal emergency, and calling a special session for this purpose, on December 19, 2008. This bill would state that it addresses the fiscal emergency declared by the Governor by proclamation issued on December 19, 2008, pursuant to the California Constitution.