Attorney General No.
Secretary of State No.
TEXTBOOK FUND. REALLOCATION OF LOTTERY REVENUES. INITIATIVE STATUTE. Creates a Student Textbook Guarantee Fund (Fund) within the State Department of Education in order to provide each California public school student in grades kindergarten through twelfth, access to and use of, required textbooks in the core subject areas of reading, writing, science, history, social studies and math. Reduces the percentage of total annual lottery revenues paid as prizes from 50% to 47% and reallocates the remaining 3% to the Fund. Provides for annual distribution of money in the Fund among school districts based on average daily attendance, as defined by law. Summary of estimate by Legislative Analyst and Director of Finance of the fiscal impact on state and local governments: The measure would increase funds to public school districts for the purchase of additional textbooks by over $50 million annually and potentially reduce lottery funds allocated for all other educational programs and for prizes and lottery administration.
Jim Gonzalez Californians For Student Success, 1121 "L" Street, Suite 908, Sacramento, California 95814 (916) 449-6190
Failed to Qualify
Textbook Fund. Reallocation Of Lottery Revenues. California Initiative 764 (1997).