Luis Alejo
- Democratic
Author
Existing law creates the Monterey-Salinas Transit District to include all of the County of Monterey, with specified powers and duties relative to provision of public transit service. Existing law authorizes the district to issue bonds under the Revenue Bond Law of 1941, payable from revenues of any facility or enterprise to be acquired or constructed by the district. Under that law, issuance of revenue bonds generally requires voter approval, unless an exemption is provided. This bill would revise these provisions. The bill would exempt the district from the requirement to seek voter approval prior to issuing revenue bonds, and would instead authorize those bonds to be issued by a 23 vote of the district's board. The bill would authorize the district to pledge revenues or other moneys available to the district from any source, including a transactions and use tax, to payment of those bonds. The bill would impose a maximum amount of $50,000,000 on revenue bonds that may be issued by the district. The bill would limit use of revenue bonds to a project or projects not located on or adjacent to the former Fort Ord, except as specified, and would require the duration of bonds issued for acquisition of equipment, defined to include vehicles, to not exceed the useful life of the equipment. The bill would make other related changes.
Approved by the Governor.
Chaptered by Secretary of State - Chapter 394, Statutes of 2013.
Enrolled and presented to the Governor at 3 p.m.
Enrolled measure version corrected.
Assembly Rule 77 suspended. (Ayes 53. Noes 25. Page 3064.)
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 51. Noes 25. Page 3079.).
Assembly Rule 63 suspended. (Ayes 53. Noes 25. Page 3064.)
Read third time. Passed. Ordered to the Assembly. (Ayes 27. Noes 11. Page 2254.).
In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 11 pursuant to Assembly Rule 77.
Read second time. Ordered to third reading.
Read third time and amended. Ordered to second reading.
Action rescinded whereby the bill was read third time, passed, and to Assembly.
Ordered to the Senate.
In Senate. Held at Desk.
Returned by the Governor at the request of the Assembly.
Enrolled and presented to the Governor at 4:15 p.m.
In Assembly. Ordered to Engrossing and Enrolling.
Read third time. Passed. Ordered to the Assembly. (Ayes 21. Noes 13. Page 1886.).
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 5. Noes 2.) (July 3).
From committee: Do pass and re-refer to Com. on GOV. & F. (Ayes 8. Noes 2.) (June 18). Re-referred to Com. on GOV. & F.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 49. Noes 23. Page 1456.)
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 6. Noes 2.) (May 8).
From committee: Do pass and re-refer to Com. on L. GOV. (Ayes 10. Noes 6.) (April 8). Re-referred to Com. on L. GOV.
From committee chair, with author's amendments: Amend, and re-refer to Com. on TRANS. Read second time and amended.
From printer. May be heard in committee March 24.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB730 | HTML |
| 02/21/13 - Introduced | |
| 04/01/13 - Amended Assembly | |
| 09/03/13 - Amended Senate | |
| 09/16/13 - Enrolled | |
| 09/27/13 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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