Strategic Growth Plan, Bond Accountability

Right Column

CSU Proposition 1D

Proposition 1D authorizes two years of capital funding for the CSU totaling $690 million to construct and renovate facilities to meet the demands of its growing student population and to address the necessary seismic /life safety needs of its 23 campuses. The bond funds are also vitally important for the renewal of outdated infrastructure in existing facilities to support modern pedagogy, improve energy efficiency and provide enhanced sustainability in keeping with the policies set forth by the CSU Board of Trustees.
Proposition 1D Distribution

Summary Status of Bond Expenditures

California State University

Proposition 1D


Program
Amount Authorized
Amount Committed***
Balance
Capital Outlay Projects
$690,000,000
$667,142,000
$22,858,000
Statewide Costs*
$0
$6,900,000
-$6,900,000
Administrative Cost**
$0
$0
$0
Total
$690,000,000
$674,042,000
$15,958,000

* Statewide costs are administrative and interest costs that are those charged by agencies other than the University, such as State Treasurer's Office, State Controller's Office, and Department of Finance. Statewide costs are estimated to be 1% of the total appropriation.

** Costs to administer bond funds at CSU are paid from general University funds.

*** Committed means that the identified funds have been appropriated or allotted for appropriation through the budget process.