Mark Wyland
- Republican
Author
Existing law specifies that bonds issued by a local agency, as defined, may bear interest at a coupon rate or rates as determined by the legislative body in its discretion but not to exceed 12% per year payable. Existing law also specifies that, notwithstanding this provision, a local agency may, where authorized by law, sell bonds at a discount below par. This bill would prohibit a school district or community college district from issuing bonds at a discount exceeding 5%, as specified.
No votes to display
Set, first hearing. Hearing canceled at the request of author.
Set for hearing May 9.
Hearing postponed by committee.
Set for hearing April 25.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
From printer. May be acted upon on or after March 24.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB1205 | HTML |
| 02/22/12 - Introduced | |
| 03/28/12 - Amended Senate |
| Document | Format |
|---|---|
| No related documents. |
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