School facilities: surplus real property: proceeds to pay emergency apportionment loan.

Existing law authorizes the governing board of any school district to sell any real property belonging to the school district, or lease for a term not exceeding 99 years any real property, together with any personal property located on the real property, belonging to the school district which is not or will not be needed by the school district for school classroom buildings at the time of delivery of title or possession, subject to specified procedures and requirements. Existing law authorizes the governing board of a school district to request an emergency apportionment through the Superintendent of Public Instruction if the governing board of the school district determines during a fiscal year that its revenues are less than the amount necessary to meet its current year expenditure obligations. This bill, notwithstanding existing specified procedures and requirements for the sale of surplus real property by a school district, would authorize a school district that receives an emergency apportionment, and has an outstanding balance on its emergency apportionment loan, to sell or lease surplus real property, together with any personal property located on the real property, owned by the school district and use the proceeds from the sale or lease to service the debt on the emergency apportionment loan or to reduce or retire the emergency apportionment loan, as provided. The bill would prohibit a school district that uses the proceeds from the sale or lease of surplus real property pursuant to these provisions from being eligible for financial hardship assistance under the Leroy F. Greene School Facilities Act of 1998. The bill would provide that these provisions apply only to the Inglewood Unified School District, the Oakland Unified School District, the Vallejo City Unified School District, and the South Monterey County Joint Union High School District. The bill would make these provisions inoperative on July 1, 2023, and would repeal them as of January 1, 2024. This bill would make legislative findings and declarations as to the necessity of a special statute for the Inglewood Unified School District, the Oakland Unified School District, the Vallejo City Unified School District, and the South Monterey County Joint Union High School District.