Creates the Critical Public School Building Needs Fund (Fund), administered by the Department of Public Instruction and used to award grants to counties to assist with their critical public school building capital needs, awarded based on the county's need and ability to generate sales tax and property tax revenue.

Appropriates $25 million from the Education Lottery Fund to the Fund for 2016-17. Makes an additional $25 million appropriation from the Education Lottery Fund to the Fund for 2016-17, if Senate Bill 728 (Lottery-JLOC Recommendations) becomes law.

Effective July 1, 2016.