Bill > SB1028

This bill makes several changes to education finance laws, including provisions related to public credit providers offering credit enhancement for bonds issued by participating parties like school districts, charter schools, and county offices of education, ensuring the Controller can make apportionments to reimburse these providers if they have to make payments. It also modifies rules for participating parties securing financing, allowing for reimbursements to letter of credit providers and establishing priorities for funding applications, with specific exceptions for joint venture school facilities construction projects. The bill also adjusts funding rates for certain school programs and clarifies definitions for the Cal Grant Program, including eligibility criteria for qualifying institutions based on graduation and default rates, and reappropriates funds from previous budget acts for various educational programs such as special education, child care, and after-school programs, while also adding funding for capital outlay at the University of California's Merced campus and setting an enrollment target for the University of California for the 2012-13 academic year. Finally, it mandates the repeal of certain regulations related to mental health services and declares the bill to be an immediate-acting budget-related measure.