Financing for adult local criminal justice facilities.

Existing law authorizes the Board of State and Community Corrections, the State Public Works Board, and a participating county, as defined, to acquire, design, and construct an adult local criminal justice facility approved by the Board of State and Community Corrections, or to acquire a site or sites owned by, or subject to a lease option to purchase held by, a participating county. Existing law authorizes the State Public Works Board to issue up to $500,000,000 in revenue bonds, notes, or bond anticipation notes to finance the acquisition, design, and construction of approved adult local criminal justice facilities. The funds derived from those revenue bonds, notes, or bond anticipation notes are continuously appropriated for those purposes. This bill would increase the authorization for revenue bonds, notes, or bond anticipation notes from $500,000,000 to $1,200,000,000. By increasing moneys deposited into a continuously appropriated fund, this bill would make an appropriation.