Staff Reports Assemblyman Curt Hagman’s AB 308 Passes Assembly Appropriations Committee with Bipartisan Support Sacramento— Yesterday, Assemblyman Curt Hagman’s (R- Chino Hills) AB 308 unanimously passed the Assembly Appropriations Committee. “AB 308 is a practical measure ensuring our state’s school facility funds are being utilized within the initial intent,” said Assemblyman Hagman. “This bill encourages sustainability of state dollars and spending efficiencies, which would keep facility funds for facility use,” Hagman added. Assembly Bill 308 authorizes the State Allocation Board to establish a program that requires school districts, charter schools, and county offices of education that sell or lease real property to return the portion of state funds that were provided to purchase, construct, or modernize the property. It is not sound policy to use one-time funds for expenditures that are continuous and ongoing. This bill will provide a disincentive for educational institutions that sell or lease properties that were purchased, constructed or modernized using state funds to use the proceeds from the sale or lease of those funds for general fund purposes. For more information, please visit: http://www.assembly.ca.gov/hagman
