Bill Text: CA AB1873 | 2009-2010 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Property Assessed Clean Energy (PACE) bonds.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2010-09-30 - Chaptered by Secretary of State - Chapter 583, Statutes of 2010. [AB1873 Detail]

Download: California-2009-AB1873-Introduced.html

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BILL NUMBER: AB 1873	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Huffman

                        FEBRUARY 16, 2010

   An act relating to contractual assessments.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1873, as introduced, Huffman. Contractual assessments.
   Existing law authorizes a legislative body of a public agency, as
defined, to determine that it would be convenient and advantageous to
designate an area within which authorized officials and free and
willing property owners may enter into contractual assessments to
finance specified improvements to real property.
   This bill would state the intent of the Legislature to enact
legislation to assist public agencies finance contractual assessment
programs, and in doing so, create local jobs, stimulate local
economies, and improve the environment.
   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.  It is the intent of the Legislature to enact
legislation to assist public agencies finance contractual assessment
programs, and in doing so, create local jobs, stimulate local
economies, and improve the environment.