Bill Emmerson
- Republican
Author
Existing law generally lists the powers common to cities, counties, and other agencies. Existing law sets forth generally the authority and duties of local agencies in the issuance and repayment of revenue bonds with respect to public works within their jurisdiction. Existing law grants local agencies various powers to secure certain types of bond investments. This bill would require a professional sports team that will benefit from the issuance and sale of bonds by a public agency to post a bond or other undertaking at the time of issuance of the bonds in an amount adequate to ensure that all of the team's obligations under a financial agreement will be satisfied in the event the professional sports team subsequently relocates. This bill would provide that the sale by a public agency of a specified type of revenue bond affecting sports facilities may not proceed until the California Debt and Investment Advisory Commission has assessed and reported to the public agency on the future financial risk imposed on the taxpayers by the sale.
Returned to Secretary of Senate pursuant to Joint Rule 56.
Withdrawn from committee.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on APPR.
Set, first hearing. Hearing canceled at the request of author.
Set for hearing April 11.
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. Page 430.) (March 23).
From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.
Set for hearing March 23.
From printer. May be acted upon on or after March 5.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB156 | HTML |
| 02/02/11 - Introduced | |
| 03/15/11 - Amended Senate | |
| 03/29/11 - Amended Senate | |
| 07/14/11 - Amended Senate |
| Document | Format |
|---|---|
| No related documents. |
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