AB 124 by Assemblyman Kevin McCarty, would enact the Preschool Facilities Bond Act of 2020. If approved by voters, the bill would authorize the issuance of $500 million in bonds to build new preschool classrooms throughout the state and upgrade older classrooms. The bill is part of a package of bills authored by McCarty that also aims to implement targeted universal preschool and address reimbursement rate reform across early childhood education programs.