Roger Hernández
- Democratic
Author
The Bergeson-Peace Infrastructure and Economic Development Bank Act establishes the California Infrastructure and Economic Development Bank for the purpose of funding specified types of infrastructure development projects, including public development facilities, that are defined to include sewage collection and treatment facilities and water treatment and distribution facilities. The act authorizes the executive director of the bank to contract with specified agencies to enable the bank to properly perform its duties and authorizes the bank to issue revenue bonds for prescribed purposes. This bill would specify that the executive director may contract with those agencies for technical services, and would provide that, where a state agency is authorized under state law to request that the bank issue bonds on its behalf, the agency may request, and the bank may issue, the bonds for the purpose authorized by state law and to fund any necessary reserves, capitalized interest, and costs of issuance associated with the bonds. Existing law, the Safe Drinking Water State Revolving Fund Law, establishes the Safe Drinking Water State Revolving Fund and continuously appropriates money in the fund to the State Department of Public Health to finance the design and construction of projects for public water systems that will enable suppliers to meet safe drinking water standards. This bill would authorize the bank to issue taxable or tax-exempt revenue bonds for deposit into the Safe Drinking Water State Revolving Fund in accordance with prescribed provisions. By providing for the deposit of additional funds into a continuously appropriated fund, the bill would make an appropriation.
Chaptered by Secretary of State - Chapter 518, Statutes of 2011.
Approved by the Governor.
Enrolled and presented to the Governor at 11:30 a.m.
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 77. Noes 0. Page 2922.).
In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 3 pursuant to Assembly Rule 77.
Read third time. Passed. Ordered to the Assembly. (Ayes 29. Noes 0. Page 2204.).
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 9. Noes 0.) (August 22).
In committee: Hearing postponed by committee.
Read second time and amended. Re-referred to Com. on APPR.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (July 6).
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on GOV. & F.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 78. Noes 0. Page 1783.)
From committee: Do pass. (Ayes 17. Noes 0.) (May 27).
Read second time. Ordered to third reading.
In committee: Set, first hearing. Referred to APPR. suspense file.
Read second time and amended.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (April 26).
From committee: Be re-referred to Com. on E.S. & T.M. Re-referred. (Ayes 8. Noes 0.) (April 14). Re-referred to Com. on E.S. & T.M.
Re-referred to Com. on RLS. pursuant to Assembly Rule 96.
From committee chair, with author's amendments: Amend, and re-refer to Com. on E. & R. Read second time and amended.
From printer. May be heard in committee March 22.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB1292 | HTML |
| 02/18/11 - Introduced | |
| 04/07/11 - Amended Assembly | |
| 05/04/11 - Amended Assembly | |
| 06/28/11 - Amended Senate | |
| 07/12/11 - Amended Senate | |
| 09/09/11 - Enrolled | |
| 10/07/11 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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