Bill Text: CA AB2167 | 2011-2012 | Regular Session | Amended

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

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Bill Title: Bay Area Water Supply and Conservation Agency: financial

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2012-09-07 - Chaptered by Secretary of State - Chapter 251, Statutes of 2012. [AB2167 Detail]

Download: California-2011-AB2167-Amended.html

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BILL NUMBER: AB 2167	AMENDED
	BILL TEXT

	AMENDED IN ASSEMBLY  MARCH 29, 2012

INTRODUCED BY   Assembly Member Hill

                        FEBRUARY 23, 2012

   An act  to amend Section 81428 of the Water Code, 
relating to water.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2167, as amended, Hill. Bay Area Water Supply and Conservation
 Agency.  Agency: financial matters. 
   Under existing law, the City and County of San Francisco operates
the Hetch Hetchy Project as a regional water delivery system,
supplying water to persons and entities in San Francisco and the
Counties of Alameda, San Mateo, and Santa Clara. Existing law, the
Bay Area Water Supply and Conservation Agency Act, governs the
formation and operation of the Bay Area Water Supply and Conservation
Agency by 24 public entities that purchase water from San Francisco.
The act authorizes the agency to  acquire water and water
rights, and to take other specified actions relating to the regional
water system. 
    This bill would state the intent of the Legislature to
enact legislation to update the laws governing the agency relative to
its authority to incur indebtedness and issue notes and bonds in
order to carry out its functions.   borrow money, incur
indebtedness, and issue notes and bonds, including revenue bonds, as
specified. The act requires the agency to publish a notice in a
newspaper of general circulation at least 15 days before the meeting
at which issuance of revenue bonds is to be considered, as specified.
 
   This bill would change the requirement that the agency publish a
notice to instead require the agency to publish the notice at least
20 days before the meeting. 
   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 81428 of the   Water
Code   is amended to read: 
   81428.  (a) The agency may issue revenue bonds upon the adoption
of an ordinance by a two-thirds vote of all of the members of the
board present and voting which also represents at least 51 votes
determined pursuant to Section 81405. For the purposes of issuing
bonds pursuant to this subdivision, the agency need not conduct an
election or otherwise secure the approval of the voters within the
boundaries of the agency.
   (b) The agency shall publish a notice in a newspaper of general
circulation at least  15   20  days before
the meeting at which issuance of revenue bonds is to be considered
and shall provide an opportunity for public comments during that
meeting and before the directors vote on the issuance of those bonds.

  SECTION 1.    It is the intent of the Legislature
to enact legislation to update the laws governing the Bay Area Water
Supply and Conservation Agency relative to its authority to incur
indebtedness and issue notes and bonds in order to carry out its
functions.