AB 123: Higher education budget trailer bill.

The bill aims to improve post-secondary education in the state by making several changes to existing programs. It requires the University of California to fund construction grants for student housing projects using revenue bond funding. The bill also expands the California Kids Investment and Development Savings (Kids) program, which aims to increase access to higher education through savings. Additionally, the bill establishes a model uniform set of academic standards for high school courses and college-level coursework taken for credit at a public college or university. It also modifies the Cal Grant program to use the 3-year cohort default rate certified in 2020 to certify institutions for the 2025-26 and 2026-27 academic years. The bill extends the availability of the Golden State Teacher Grant Program funds to applications received in 2025 and 2026. It also modifies the Hire Up Pil…