Marty Block
- Democratic
Author
(1) Except as otherwise provided by law, existing law provides that the governing board of a school district or community college district may, when in its judgment it is advisable, and shall, upon a petition of the majority of the qualified electors residing in the school district or community college district, order an election and submit to the electors of the district the question whether the bonds of the district shall be issued and sold for the purpose of raising money for certain school facilities purposes, including the purchasing of school lots and the building or purchasing of school buildings. If the bond measure is approved by the electors, existing law requires the board of supervisors of the county whose county superintendent of schools has jurisdiction over the school district or community college district to annually, at the time of making the levy of taxes for county purposes, levy a tax for that year upon the property in the district for the interest and redemption of all outstanding bonds of the school district or community college district. Existing law requires that all taxes levied, when collected, to be paid into the county treasury, as provided, to be used for the payment of the principal and interest of the bonds and for no other purpose. This bill would require bonds issued and sold pursuant to these provisions to be secured by a statutory lien on all revenues received pursuant to the levy and collection of the tax, as provided. (2) Existing law authorizes local agencies to issue general obligation bonds, as provided. This bill would require general obligation bonds issued and sold by or on behalf of a local agency to be secured by a statutory lien on all revenues received pursuant to the levy and collection of the property tax imposed to service those bonds, as provided.
Chaptered by Secretary of State. Chapter 78, Statutes of 2015.
Approved by the Governor.
Enrolled and presented to the Governor at 4:45 p.m.
Assembly amendments concurred in. (Ayes 37. Noes 0. Page 1660.) Ordered to engrossing and enrolling.
Read third time. Passed. (Ayes 79. Noes 0. Page 2147.) Ordered to the Senate.
In Senate. Concurrence in Assembly amendments pending.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 9. Noes 0.) (June 17).
From committee with author's amendments. Read second time and amended. Re-referred to Com. on L. GOV.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 38. Noes 0. Page 741.) Ordered to the Assembly.
Read second time and amended. Ordered to third reading.
From committee: Do pass as amended. (Ayes 6. Noes 0. Page 524.) (April 8).
Set for hearing April 8.
From printer. May be acted upon on or after March 15.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB222 | HTML |
| 02/12/15 - Introduced | |
| 04/15/15 - Amended Senate | |
| 05/19/15 - Amended Assembly | |
| 06/30/15 - Enrolled | |
| 07/13/15 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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