Robert M. Hertzberg
- Democratic
Author
Existing law authorizes the governing body of a public body to authorize the issuance of bonds pursuant to a resolution, indenture, agreement, or other instrument providing for the issuance of bonds. Existing law defines a "public body" to mean, among other entities, a county, city, or city and county. This bill, prior to authorization of the issuance of certain bonds, would require the governing body of a public body to obtain and disclose specified information regarding the bonds in a meeting open to the public. The bill would require the information to be obtained as a good faith estimate from an underwriter, financial advisor, or private lender or from a third party borrower, as specified, if the public body issuing bonds is a conduit financing provided, as defined. By imposing new duties upon local county officials with respect to the public notice requirement described above, this bill would impose a state-mandated local program. The California Constitution requires local agencies, for the purpose of ensuring public access to the meetings of public bodies and the writings of public officials and agencies, to comply with a statutory enactment that amends or enacts laws relating to public records or open meetings and contains findings demonstrating that the enactment furthers the constitutional requirements relating to this purpose. This bill would make legislative findings to that effect. 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.
No votes to display
Approved by the Governor.
Chaptered by Secretary of State. Chapter 625, Statutes of 2017.
Enrolled and presented to the Governor at 5:30 p.m.
Assembly amendments concurred in. (Ayes 40. Noes 0. Page 2905.) Ordered to engrossing and enrolling.
Ordered to special consent calendar.
Read third time. Passed. (Ayes 77. Noes 0. Page 3165.) Ordered to the Senate.
In Senate. Concurrence in Assembly amendments pending.
Ordered to third reading.
Read third time and amended.
Ordered to third reading.
From consent calendar on motion of Assembly Member Calderon.
Read second time. Ordered to consent calendar.
From committee: Do pass. Ordered to consent calendar. (Ayes 15. Noes 0.) (August 23).
From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (July 12). Re-referred to Com. on APPR.
June 28 hearing postponed by committee.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 40. Noes 0. Page 1256.) Ordered to the Assembly.
Published May 17 at 9 p.m.
Read second time. Ordered to third reading.
Ordered to second reading.
Read third time and amended.
Read second time. Ordered to third reading.
From committee: Be ordered to second reading pursuant to Senate Rule 28.8.
Set for hearing May 1.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0. Page 744.) (April 19). Re-referred to Com. on APPR.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.
Set for hearing April 19.
Set for hearing April 5.
April 5 hearing postponed by committee.
March 29 hearing postponed by committee.
Set for hearing March 29.
From printer. May be acted upon on or after March 18.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB450 | HTML |
| 02/15/17 - Introduced | |
| 03/22/17 - Amended Senate | |
| 05/17/17 - Amended Senate | |
| 09/08/17 - Amended Assembly | |
| 09/19/17 - Enrolled | |
| 10/09/17 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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