Bill Text: CA SB5 | 2021-2022 | Regular Session | Introduced

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Bill Title: Housing: bond act.

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Introduced) 2020-12-08 - (Corrected December 9). [SB5 Detail]

Download: California-2021-SB5-Introduced.html

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CALIFORNIA LEGISLATURE— 2021–2022 REGULAR SESSION

Senate Bill

No. 5

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Introduced by Senators Atkins, Caballero, McGuire, Roth, Rubio, Skinner, and Wiener

December 07, 2020

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An act relating to housing.

LEGISLATIVE COUNSEL'S DIGEST

SB 5, as introduced, Atkins. Housing: bond act.

Under existing law, there are programs providing assistance for, among other things, emergency housing, multifamily housing, farmworker housing, home ownership for very low and low-income households, and downpayment assistance for first-time homebuyers. Existing law also authorizes the issuance of bonds in specified amounts pursuant to the State General Obligation Bond Law and requires that proceeds from the sale of these bonds be used to finance various existing housing programs, capital outlay related to infill development, brownfield cleanup that promotes infill development, and housing-related parks.

This bill would state the intent of the Legislature to enact legislation that would authorize the issuance of bonds and would require the proceeds from the sale of those bonds to be used to finance housing-related programs that serve the homeless and extremely low income and very low income Californians.

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.

 It is the intent of the Legislature to enact legislation that would authorize the issuance of bonds and would require the proceeds from the sale of those bonds to be used to finance housing-related programs that serve the homeless and extremely low income and very low income Californians over the course of the next decade.