Bill Text: CA AB2116 | 2015-2016 | Regular Session | Chaptered

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Bill Title: School bonds: projections of assessed property valuations.

Spectrum: Partisan Bill (Republican 4-0)

Status: (Passed) 2016-08-17 - Chaptered by Secretary of State - Chapter 129, Statutes of 2016. [AB2116 Detail]

Download: California-2015-AB2116-Chaptered.html

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BILL NUMBER: AB 2116	CHAPTERED
	BILL TEXT

	CHAPTER  129
	FILED WITH SECRETARY OF STATE  AUGUST 17, 2016
	APPROVED BY GOVERNOR  AUGUST 17, 2016
	PASSED THE SENATE  JUNE 30, 2016
	PASSED THE ASSEMBLY  AUGUST 1, 2016
	AMENDED IN SENATE  JUNE 15, 2016
	AMENDED IN ASSEMBLY  APRIL 14, 2016

INTRODUCED BY   Assembly Member Gallagher
   (Coauthors: Assembly Members Brough and Harper)
   (Coauthor: Senator Nielsen)

                        FEBRUARY 17, 2016

   An act to amend Section 15100 of the Education Code, relating to
school bonds.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2116, Gallagher. School bonds: projections of assessed property
valuations.
   Existing law authorizes the governing board of any school district
or community college district to order an election and submit to the
electors of the district the question whether the bonds of the
district should be issued and sold for the purpose of raising money
for specified purposes, including, among other things, the supplying
of school buildings and grounds with furniture, equipment, or
necessary apparatus of a permanent nature.
   This bill would require the governing board of a school district
and the governing board of a community college district to obtain
reasonable and informed projections of assessed property valuations
that take into consideration projections of assessed property
valuations made by the county assessor. The bill would also delete
obsolete references and make other nonsubstantive changes.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 15100 of the Education Code is amended to read:

   15100.  (a) Except as otherwise provided by law, the governing
board of any school district or community college district may, when
in its judgment it is advisable, and shall, upon a petition of the
majority of the qualified electors residing in the school district or
community college district, order an election and submit to the
electors of the school district or community college district, as
applicable, the question whether the bonds of the school district or
community college district shall be issued and sold for the purpose
of raising money for the following purposes:
   (1) The purchasing of school lots.
   (2) The building or purchasing of school buildings.
   (3) The making of alterations or additions to the school building
or buildings other than as may be necessary for current maintenance,
operation, or repairs.
   (4) The repairing, restoring, or rebuilding of any school building
damaged, injured, or destroyed by fire or other public calamity.
   (5) The supplying of school buildings and grounds with furniture,
equipment, or necessary apparatus of a permanent nature.
   (6) The permanent improvement of the school grounds.
   (7) The refunding of any outstanding valid indebtedness of the
school district or community college district, evidenced by bonds, or
of state school building aid loans.
   (8) The carrying out of the projects or purposes authorized in
Section 17577.
   (9) The purchase of schoolbuses the useful life of which is at
least 20 years.
   (10) The demolition or razing of any school building with the
intent to replace it with another school building, whether in the
same location or in any other location.
   (b) Any one or more of the purposes enumerated in subdivision (a),
except that of refunding any outstanding valid indebtedness of the
school district or community college district evidenced by bonds,
may, by order of the governing board of the school district or
community college district, as applicable, that is entered in its
minutes, be united and voted upon as one single proposition.
   (c) Before the governing board of a school district or the
governing board of a community college district may order an election
for purposes of this section, it shall obtain reasonable and
informed projections of assessed property valuations that take into
consideration projections of assessed property valuations made by the
county assessor.