Education finance: General Fund cashflow loans: Inglewood Unified School District: interest waivers.

Summary

The bill changes the financing terms for an emergency cashflow loan that Inglewood Unified School District can borrow from the state General Fund, making the interest rate zero beginning Jan. 1 2026. After the district has repaid ten years of the loan, it may also apply each year for an interest waiver if it meets specific fiscal‑solvency criteria. The measure aims to help the district recover financially and exit receivership.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Vote

From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 2.) (April 30). · May 1, 2025

Hearings

• Appropriations Committee Hearing
  Appropriations · May 23, 2025
• Appropriations Committee Hearing
  Appropriations · May 14, 2025
• Education Committee Hearing
  Education · Apr 30, 2025
• Education Committee Hearing
  Education · Mar 12, 2025

History

1. Feb 2, 2026From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
2. Jan 31, 2026Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
3. May 23, 2025In committee: Held under submission.
4. May 14, 2025In committee: Set, first hearing. Referred to suspense file.
5. May 6, 2025Re-referred to Com. on APPR.
6. May 5, 2025Read second time and amended.
7. May 1, 2025From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 2.) (April 30).
8. Apr 10, 2025Re-referred to Com. on ED.
9. Apr 9, 2025From committee chair, with author's amendments: Amend, and re-refer to Com. on ED. Read second time and amended.
10. Mar 12, 2025In committee: Set, first hearing. Hearing canceled at the request of author.
11. Feb 20, 2025Re-referred to Com. on ED.
12. Feb 19, 2025From committee chair, with author's amendments: Amend, and re-refer to Com. on ED. Read second time and amended.

The 12 most recent of 15 recorded actions.

Sponsors

• McKinnor · sponsor
• Addis
• Ahrens
• Arreguín
• Bonta
• Bryan
• Connolly
• Elhawary
• Gipson
• Haney
• Jackson
• Kalra
• Lee
• Lowenthal
• Richardson
• Schultz

Bill text

Opens the legislature’s own copy.

Similar bills in other states

Loading the map of where bills like this one were filed.

Topics

Share