Donald Wagner
- Republican
Author
Existing law prohibits an investment firm, as defined, from having specified interests in a new issue of bonds from a local agency. This bill would prohibit a local agency from entering into a financial advisory, legal advisory, underwriting, or similar relationship with an individual or firm, with respect to a bond issue that requires voter approval on or after January 1, 2014, if that individual or firm provided or will provide bond campaign services to the bond campaign. The bill would specifically exempt from that prohibition a relationship between a local agency and an individual or firm entered into before the public agency takes action to place a new issue of bonds on the ballot for voter approval on or after January 1, 2014. The bill would also prohibit a local agency from entering into an underwriting relationship with an individual or firm, with respect to a new issue of bonds that requires voter approval on or after January 1, 2014, if the local agency has a financial advisory relationship with that individual or firm with respect to the same issue of bonds. The bill would define certain terms for those purposes.
From committee without further action pursuant to Joint Rule 62(a).
In committee: Set, final hearing. Hearing canceled at the request of author.
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 committee: Held without recommendation.
In committee: Set, second hearing. Hearing canceled at the request of author.
In committee: Set, first hearing. Hearing canceled at the request of author.
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.
Read third time. Passed. Ordered to the Senate. (Ayes 51. Noes 10. Page 1385.)
In Senate. Read first time. To Com. on RLS. for assignment.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 7. Noes 0.) (May 7).
From committee chair, with author's amendments: Amend, and re-refer to Com. on E. & R. Read second time and amended.
From committee: Do pass and re-refer to Com. on E. & R. (Ayes 7. Noes 2.) (April 17). Re-referred to Com. on E. & R.
From committee chair, with author's amendments: Amend, and re-refer to Com. on L. GOV. Read second time and amended.
From printer. May be heard in committee March 23.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB621 | HTML |
| 02/20/13 - Introduced | |
| 03/19/13 - Amended Assembly | |
| 04/25/13 - Amended Assembly | |
| 06/04/13 - Amended Senate | |
| 02/24/14 - Amended Senate |
| Document | Format |
|---|---|
| No related documents. |
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