Bob Wieckowski
- Democratic
Author
Existing law authorizes the governing board of a school district or community college district to order an election and submit to the electors of the district the question of whether the bonds of the district shall be issued and sold for the purpose of raising money for various facilities purposes, for refunding bonds, or for the purchase of schoolbuses. Existing law limits the total amount of bonds that a school district or community college district may issue to 1.25% of the taxable property of the school district or community college district. Existing law also authorizes the governing board of a school district or community college district to issue bond anticipation notes. Existing law requires a bond anticipation note to be payable not more than 5 years from the date of the original issuance of the note. Existing law requires the interest on the notes to be payable from the proceeds of the sale of bonds or from the tax levied to pay principal of and interest on the bonds. This bill, instead of requiring the interest on the notes to be paid from the tax levied to pay the principal of and interest on the bonds, would authorize the interest on the notes to be paid from a property tax levied for that purpose if authorized by a resolution of the governing board of the school district or community college district and if the principal amount of the notes does not exceed the remaining principal amount of authorized but unissued bonds. The bill would provide that this tax is authorized by law. The bill also would allow the premium received on the sale of the bonds to be used to pay the interest on the notes. The bill also would provide that the notes may be issued only if the tax rate levied to pay interest on the notes would not cause the school district or community college district to exceed the limitations set forth in specified existing law.
Approved by the Governor.
Chaptered by Secretary of State - Chapter 715, Statutes of 2012.
Enrolled and presented to the Governor at 12:15 p.m.
Re-referred to Com. on ED. pursuant to Assembly Rule 77.2.
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 56. Noes 18. Page 6697.).
From committee: That the Senate amendments be concurred in. (Ayes 6. Noes 0.) (August 30).
Joint Rule 62(a), file notice suspended. (Ayes 52. Noes 26. Page 6648.)
Read third time. Passed. Ordered to the Assembly. (Ayes 26. Noes 7. Page 4929.).
In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 31 pursuant to Assembly Rule 77.
Read second time. Ordered to third reading.
Action rescinded whereby the bill was read third time, passed, and to Assembly.
Read third time and amended. Ordered to second reading.
In Senate. Held at Desk.
Ordered to the Senate.
Action rescinded whereby the bill was re-referred to Com. on ED. pursuant to Assembly Rule 77.2.
In committee: Hearing postponed by committee.
Re-referred to Com. on ED. pursuant to Assembly Rule 77.2.
Joint Rule 62(a), file notice suspended. (Page 5866.)
In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 11 pursuant to Assembly Rule 77.
Read third time. Passed. Ordered to the Assembly. (Ayes 25. Noes 10. Page 4435.).
Read second time and amended. Ordered to third reading.
From committee: Do pass as amended. (Ayes 6. Noes 2.) (June 13).
From committee: Do pass and re-refer to Com. on GOV. & F. (Ayes 6. Noes 0.) (May 16). Re-referred to Com. on GOV. & F.
Re-referred to Com. on RLS. pursuant to Senate Rule 29.10(c).
Read second time. Ordered to third reading.
Read third time and amended. Ordered to second reading.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 8. Noes 1.) (August 25).
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on APPR.
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 6. Noes 0.) (June 20).
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 1654.)
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 17. Noes 0.) (May 27).
In committee: Set, first hearing. Referred to APPR. suspense file.
In committee: Hearing postponed by committee.
Read second time and amended.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (April 26).
Read second time and amended.
From committee: Do pass as amended and re-refer to Com. on JUD. (Ayes 9. Noes 0.) (April 11).
In committee: Hearing postponed by committee.
From printer. May be heard in committee March 20.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB794 | HTML |
| 02/17/11 - Introduced | |
| 04/13/11 - Amended Assembly | |
| 05/03/11 - Amended Assembly | |
| 07/07/11 - Amended Senate | |
| 08/15/11 - Amended Senate | |
| 09/02/11 - Amended Senate | |
| 06/19/12 - Amended Senate | |
| 08/24/12 - Amended Senate | |
| 09/11/12 - Enrolled | |
| 09/28/12 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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