Bill Text: CA AB1543 | 2017-2018 | Regular Session | Introduced

California Assembly Bill 1543 (Prior Session Legislation)

Introduced

Bill Title: Municipal water districts: bonds.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Failed) 2018-02-01 - Died at Desk. [AB1543 Detail]

Download: California-2017-AB1543-Introduced.html

CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Assembly Bill

No. 1543

Introduced by Assembly Member Gloria

February 17, 2017

An act to amend Section 71852 of the Water Code, relating to water districts.

LEGISLATIVE COUNSEL'S DIGEST

AB 1543, as introduced, Gloria. Municipal water districts: bonds.

Existing law authorizes a municipal water district to issue bonds for the purpose of providing money required to be paid to any district or authority organized under the Metropolitan Water District Act or the County Water Authority Act for a certain purpose, and specifies that the amount of those bonds may include the expenses of all proceedings for the authorization, issuance, and sale of the bonds.

This bill would make nonsubstantive changes in that provision.

Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO

The people of the State of California do enact as follows:

SECTION 1.

Section 71852 of the Water Code is amended to read:

71852.

A district may issue bonds pursuant to Chapters 2 (commencing with Section 71860) and 5 (commencing with Section 71940) of this part for the purpose of providing money required to be paid to any district or authority organized under the Metropolitan Water District Act or the County Water Authority Act by the board of directors of ~~such~~ that district or authority as all or part of the terms and conditions upon which the corporate area of the district may be annexed to the metropolitan water district or county water authority. The amount of ~~such~~ those bonds may include the expenses of all proceedings for the authorization, issuance, and sale of the bonds.