Mark DeSaulnier
- Democratic
Author
Under existing law, there are programs providing assistance for, among other things, emergency housing, multifamily housing, farmworker housing, home ownership for very low and low-income households, and downpayment assistance for first-time homebuyers. Existing law also authorizes the issuance of bonds in specified amounts pursuant to the State General Obligation Bond Law. Existing law requires that proceeds from the sale of these bonds be used to finance various existing housing programs, capital outlay related to infill development, brownfield cleanup that promotes infill development, and housing-related parks. This bill would enact the Housing Opportunity and Market Stabilization (HOMeS) Trust Fund Act of 2012. The bill would make legislative findings and declarations relating to the need for establishing permanent, ongoing sources of funding dedicated to affordable housing development. The bill would impose a fee, except as provided, of $75 to be paid at the time of the recording of every real estate instrument, paper, or notice required or permitted by law to be recorded. By imposing new duties on counties with respect to the imposition of the recording fee, the bill would create a state-mandated local program. The bill would require that revenues from this fee be sent quarterly to the Department of Housing and Community Development for deposit in the Housing Opportunity and Market Stabilization (HOMeS) Trust Fund, which the bill would create within the State Treasury. The bill would provide that moneys in the fund may be expended for supporting affordable housing, administering housing programs, and the cost of periodic audits, as specified. The bill would impose certain auditing and reporting requirements. This bill would result in a change in state taxes for the purpose of increasing state revenues within the meaning of Section 3 of Article XIII A of the California Constitution, and thus would require for passage the approval of 23 of the membership of each house of the Legislature. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason.
Read third time. Refused passage. (Ayes 25. Noes 13. Page 3749.)
Read second time and amended. Ordered to third reading.
From committee: Do pass as amended. (Ayes 5. Noes 2. Page 3593.) (May 24).
Set for hearing May 24.
Placed on APPR. suspense file.
Set for hearing May 7.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 2. Page 3304.) (April 25). Re-referred to Com. on APPR.
From committee: Do pass and re-refer to Com. on GOV. & F. (Ayes 6. Noes 2. Page 3314.) (April 24). Re-referred to Com. on GOV. & F.
Set for hearing April 25 in GOV. & F. pending receipt.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on T. & H.
Set for hearing April 24.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on T. & H.
From printer. May be acted upon on or after March 25.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB1220 | HTML |
| 02/23/12 - Introduced | |
| 04/12/12 - Amended Senate | |
| 04/16/12 - Amended Senate | |
| 05/25/12 - Amended Senate |
| Document | Format |
|---|---|
| No related documents. |
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