State cash resources.

(1) Existing law, until September 1, 2011, enacts a cash management plan to authorize the Controller, Treasurer, and Director of Finance to defer General Fund payments for the months of July and October of 2010 and March 2011 for up to 60, 90, and 60 days, respectively, for certain entities, including county offices of education, public schools, and charter schools, subject to certain conditions. Existing law limits the total outstanding amount of deferrals for these entities to $2,500,000,000 at any given time. Existing law, under certain conditions, authorizes these entities to request a hardship waiver for the March 2011 deferral, and requires payments deferred in March 2011 for public schools in which kindergarten or grades 1 to 12, inclusive, are taught to be paid no later than April 29, 2011. This bill would instead require all March 2011 deferred payments to county offices of education, school districts, and charter schools to be made no later than April 29, 2011. The bill would make other related changes. (2) Existing law provides for the deferral of specified fuel tax apportionments from the Highway Users Tax Account to cities and counties, including a deferral of no more than $50,000,000 each month on a pro rata basis for July, August, September, October, November, and December 2010 and January, February, and March 2011. The balance of unpaid apportionments for these months is required to be paid on or within 2 business days of April 28, 2011. However, a county with a population of less than 50,000 or a city within that county is exempt from these deferrals. This bill would additionally authorize any city to request an exemption from all or a portion of these deferrals if the deferrals would create a hardship in making specified bond debt payments. The bill would require a city requesting an exemption to submit specified documentation to the Director of Finance, who would have the sole discretion to approve or deny the exemption. (3) Existing law requires that warrants for the principal apportionments from the State School Fund for school districts for the month of June instead be drawn in July of the same calendar year pursuant to a specified certification. This bill, notwithstanding that provision, for the 2009–10 fiscal year only, would require that an amount up to $800,000,000, to be calculated as specified, of warrants for the principal apportionments for the month of June 2010 be drawn in June 2010. (4) This bill would declare that it is to take effect immediately as an urgency statute.