Bill Text: CA AB2107 | 2019-2020 | Regular Session | Enrolled

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

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Bill Title: Local government: securitized limited obligation notes.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Passed) 2020-09-28 - Chaptered by Secretary of State - Chapter 213, Statutes of 2020. [AB2107 Detail]

Download: California-2019-AB2107-Enrolled.html

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Enrolled  August 31, 2020

Passed  IN  Senate  August 28, 2020

Passed  IN  Assembly  May 26, 2020

CALIFORNIA LEGISLATURE— 2019–2020 REGULAR SESSION

Assembly Bill

No. 2107

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Introduced by Assembly Members Rodriguez and Gray

February 06, 2020

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An act to amend Section 53839 of the Government Code, relating to local government.

LEGISLATIVE COUNSEL'S DIGEST

AB 2107, Rodriguez. Local government: securitized limited obligation notes.

Existing law, until December 31, 2019, authorizes a special district to issue, as specified, securitized limited obligation notes for the acquisition or improvement of land, facilities, or equipment.

This bill would extend that authorization to December 31, 2024.

Digest Key

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

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Bill Text

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

SECTION 1.

 Section 53839 of the Government Code is amended to read:

53839.

 A special district shall not issue any securitized limited obligation notes after December 31, 2024, unless a later enacted statute that is enacted before December 31, 2024, deletes or extends that date.