AB 292

Under current law, the ability of a school board to increase the school district's

revenue limit by adopting a resolution to exceed the revenue limit for an energy

efficiency project is restricted to only those resolutions adopted before January 1,

2018, or after December 3018. This bill eliminates this restriction.

Current law generally limits the total amount of revenue per pupil a school

district may receive from general school aids and property taxes in a school year to

the amount of revenue received per pupil in the previous school year. However, there

are several exceptions to the revenue limit under current law. One such exception

is for a school district in which the school board adopts a resolution to exceed the

school district's revenue limit for an energy efficiency project. Under current law, if

a school board adopted a resolution before January 1, 2018, or adopts a resolution

after December 3018, the school district's revenue limit is increased by the amount

the school district spends on the energy efficiency project in a school year, including

amounts spent for debt service on a bond, note, or state trust fund loan used to

finance the energy efficiency project. Under the bill, beginning on the date on which

the bill becomes law, a school district may increase its revenue limit by the amount

the school district spends on an energy efficiency project by adopting a resolution to

do so.