The federal funding will also help cash-strapped states meet their Medicaid payments for six months.
However, the state still does not have a budget even though the fiscal year began on July 1. Without a budget, there is not a concrete way for officials to figure out how this money will be distributed.
California is expected to receive the extra money by late August or early September. School districts will then have two years to spend it.
In March, 26,000 teachers received lay-off notices. An estimated 14,000 of those teachers have not been rehired.
AP contributed to this report.