AB 939 — Santa Clara Valley Water District.

Summary

The Santa Clara Valley Water District Act creates the Santa Clara Valley Water District, and authorizes the district to provide for the conservation and management of flood, storm, and recycled waters, and other waters, for beneficial uses and to enhance natural resources in connection with carrying out the purposes of the district. The act authorizes the district to levy ad valorem taxes or assessments in the district to pay the general administrative costs and expenses of the district, to carry out the act's objects or purposes, and to pay the costs and expenses of constructing or extending works within the district. The act additionally authorizes the district to levy taxes or assessments upon all property or all real property within a portion of the district for specified purposes. The act authorizes the district to issue bonds for specified purposes, and requires that the bonds be paid by revenue derived from those tax levies and assessments, except the ad valorem taxes or assessments. This bill would additionally authorize the district to use the revenues from the ad valorem taxes or assessments to pay for the bonds. Existing law authorizes the district to issue bonds in accordance with the Revenue Bond Law of 1941 for the purpose of financing the construction, reconstruction, replacement, acquisition, or improvement of any facility or facilities necessary or convenient for the storage, treatment, transmission, or distribution of water for beneficial use within the district and for the purpose of generation or transmission of electricity. The Revenue Bond Law of 1941 requires the district to pay the principal, interest, and premiums for a bond issued in accordance with that law solely from and secured by a lien upon its gross revenues. This bill would authorize the district to pay bonds from the net revenues, rather than gross revenues, of its water system, as specified. Existing law authorizes the district to borrow money and incur indebtedness, not to exceed $8,000,000, by action of the board of directors and without the necessity of calling and holding an election, and prohibits the resulting indebtedness from exceeding 85% of the estimated amount of the district's revenues, charges, taxes, and assessments that will be available in that fiscal year for payment of short-term notes, including interest. This bill would delete the $8,000,000 limit. Existing law prohibits, until December 31, 2023, the district from compensating its directors for more than a total of 15 days in any calendar month, as specified. This bill would extend the above provision indefinitely. This bill would also make various nonsubstantive changes throughout the act. This bill would make legislative findings and declarations as to the necessity of a special statute for the County of Santa Clara. This bill would incorporate additional changes to Section 4 of the Santa Clara Valley Water District Act proposed by AB 1469 to be operative only if this bill and AB 1469 are enacted and this bill is enacted last.

Bill Text

• Chaptered 09/08/23 - Chaptered Current pdf September 08, 2023
• Enrolled 08/25/23 - Enrolled pdf August 25, 2023
• Amended 07/06/23 - Amended Senate pdf July 06, 2023
• Amended 04/13/23 - Amended Assembly pdf April 13, 2023
• Introduced 02/14/23 - Introduced pdf February 14, 2023
• AB939 View text html

Action History

1. September 08, 2023

   Chaptered by Secretary of State - Chapter 170, Statutes of 2023.

2. September 08, 2023

   Approved by the Governor.

3. August 30, 2023

   Enrolled and presented to the Governor at 2:15 p.m.

4. August 24, 2023

   Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 75. Noes 0. Page 2786.).

5. August 17, 2023

   In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 19 pursuant to Assembly Rule 77.

6. August 17, 2023

   Read third time. Passed. Ordered to the Assembly. (Ayes 38. Noes 0. Page 2137.).

7. July 10, 2023

   Read second time. Ordered to third reading.

8. July 06, 2023

   Read third time and amended. Ordered to second reading.

9. June 08, 2023

   Read second time. Ordered to third reading.

10. June 07, 2023

    From committee: Do pass. (Ayes 7. Noes 0.) (June 7).

11. May 24, 2023

    Referred to Com. on GOV. & F.

12. May 16, 2023

    In Senate. Read first time. To Com. on RLS. for assignment.

13. May 15, 2023

    Read third time. Passed. Ordered to the Senate. (Ayes 78. Noes 0. Page 1556.)

14. May 04, 2023

    Read second time. Ordered to third reading.

15. May 03, 2023

    From committee: Do pass. (Ayes 8. Noes 0.) (May 3).

16. April 17, 2023

    Re-referred to Com. on L. GOV.

17. April 13, 2023

    From committee chair, with author's amendments: Amend, and re-refer to Com. on L. GOV. Read second time and amended.

18. March 02, 2023

    Referred to Com. on L. GOV.

19. February 15, 2023

    From printer. May be heard in committee March 17.

20. February 14, 2023

    Read first time. To print.

Sponsors

• Gail Pellerin · Primary

Votes

Subjects