SB 123: Higher education budget trailer bill.

Official summary

Legislative Counsel’s Digest (official, as of the latest version). Written by nonpartisan legislative staff; reproduced verbatim.

(1)Existing law establishes the Higher Education Student Housing Grant Program to provide one-time grants for the construction of student housing, or for the acquisition and renovation of commercial properties into student housing for the purpose of providing affordable, low-cost housing options for students enrolled in public postsecondary education in the state. Existing law requires the University of California to fund project grants using revenue bond funding issued by the University of California for certain projects.

This bill would require the University of California to fund construction grants for 2 specified student housing projects using revenue bond funding issued by the University of California.

(2)Existing law establishes the California Kids Investment and Development Savings (KIDS) Program, under the administration of the Scholarshare Investment Board, for the purposes of expanding access to higher education through savings, as provided.

Existing law requires the governing body of a school district, county office of education, or charter school to confirm that a grade 12 pupil who has not opted out, as specified, completes and submits a Free Application for Federal Student Aid (FAFSA) or, if the pupil is exempt from paying nonresident tuition under existing law, completes and submits a form for purposes of the California Dream Act, as provided.

Commencing with the 2025–26 school year, this bill would require the governing body of a local educational agency to provide each pupil and the pupil’s parent or legal guardian with information about the KIDS Program and the pupil’s potential eligibility for that benefit, as provided. By imposing new duties on local educational agencies, the bill would impose a state-mandated local program.

Existing law, for the 2023–24 and 2024–25 fiscal years, requires the Scholarshare Investment Board to partner with the Los Angeles Unified School District and the Riverside County Office of Education to explore ways to increase participation in the KIDS Program. Existing law requires the board, on or before September 30, 2025, and in collaboration with those local educational agencies, to report certain information to the Department of Finance and the Legislature related to those partnerships.

Sponsors

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. June 24, 2025From committee with author's amendments. Read second time and amended. Re-referred to Com. on BUDGET.
2. March 24, 2025Referred to Com. on BUDGET.
3. March 20, 2025In Assembly. Read first time. Held at Desk.
4. March 20, 2025Read third time. Passed. (Ayes 28. Noes 10. Page 438.) Ordered to the Assembly.
5. March 18, 2025Read second time. Ordered to third reading.
6. March 17, 2025Ordered to second reading.
7. March 17, 2025Withdrawn from committee. (Ayes 27. Noes 10. Page 384.)
8. February 5, 2025Referred to Com. on B. & F. R.
9. January 24, 2025From printer. May be acted upon on or after February 23.
10. January 23, 2025Introduced. Read first time. To Com. on RLS. for assignment. To print.