Bill Text: CA AB1206 | 2013-2014 | Regular Session | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: State agency funds: security for deposits.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2014-02-03 - From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. [AB1206 Detail]
Download: California-2013-AB1206-Introduced.html
Bill Title: State agency funds: security for deposits.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2014-02-03 - From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. [AB1206 Detail]
Download: California-2013-AB1206-Introduced.html
BILL NUMBER: AB 1206 INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Torres FEBRUARY 22, 2013 An act to amend Section 5003 of the Government Code, relating to bonds. LEGISLATIVE COUNSEL'S DIGEST AB 1206, as introduced, Torres. Public bonds. Existing law regulates the issuance of public bonds and obligations. Existing law provides for the registration of a public bond, after which the principal and interest of the bond are payable to the registered owner. This bill would make a technical, nonsubstantive change in these provisions. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 5003 of the Government Code is amended to read: 5003. Afteranya bond is registered, the principal and interest of the bond are payable to the registered owner.