Return of Real Property Sale Proceeds
Under this service, a school district, county office of education or charter school that sells real property must return any moneys received through state school facilities funding program for the purchase, modernization, or construction of improvements on the real property.
About this Service
Assembly Bill 308, Chapter 496, Statutes of 2013, established Education Code Section 17462.3. This statute provided the State Allocation Board the option to establish a program that would require a school district, county office of education, or a charter school that sells real property that was purchased with or modernized with, or on which improvements were constructed, to return moneys received through a state school facilities funding program.
Information guides and resources
- June 2014 SAB Agenda (PDF)
- Site Sale Proceeds Regulations (PDF)
Department of General Services
Office of Public School Construction
West Sacramento, CA 95605
Phone: (916) 376-1753