AB 1381: Education-related positions: previous employment disclosures: Commission on Teacher Credentialing: unprofessional conduct.

The bill aims to establish a new revolving loan fund to support educational workforce housing projects in California. The fund will be administered by the California School Finance Authority and will provide loans to local education agencies (LEAs) with no interest, based on their average daily attendance. To qualify for a loan, LEAs must submit an application and demonstrate sufficient resources to establish a loan. The fund will be used to support predevelopment activities, such as planning and feasibility studies. The bill also establishes an educational workforce housing security fund, which will provide a backup source of funding in case of loan defaults. The authority will monitor the adequacy of the fund and report annually to the department of finance and the controller on the need to transfer funds from the security fund to the revolving loan fund. The authority will also provi…