California 2011-2012 Regular Session Status: In Committee

AB 1898 — Education finance: emergency apportionments.

Last action — In committee: Set, second hearing. Held under submission.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Assembly
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2011-2012 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Existing law requires a school district that receives an emergency apportionment to enter into a lease financing with the California Infrastructure and Economic Development Bank for the purpose of financing the emergency apportionment. Existing law specifies various terms of the lease. This bill, commencing January 1, 2013, would provide that, for any lease financing with a total value of less than or equal to $25,000,000, adjusted annually as specified, entered into for the purpose of financing the emergency apportionment, the source of the financing would be the Pooled Money Investment Account, and the interest rate would be the rate earned by moneys in the Pooled Money Investment Account as of the date of the initial disbursement of emergency apportionment funds to the school district, unless the interest rate charged by the California Infrastructure and Economic Development Bank as of the date of the initial disbursement of emergency apportionment funds is lower than the Pooled Money Investment Account rate.

Bill Text

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Action History

  1. In committee: Set, second hearing. Held under submission.

  2. In committee: Set, first hearing. Referred to APPR. suspense file.

  3. From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 5.) (April 25). Re-referred to Com. on APPR.

  4. In committee: Set, first hearing. Hearing canceled at the request of author.

  5. Referred to Com. on ED.

  6. From printer. May be heard in committee March 24.

  7. Read first time. To print.

Sponsors

  • Alejo · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 121 not signed on · 1 voted No

Sponsors (1)

  • Alejo

Co-sponsors (0)

None.

Not signed on (121)

121 members have not signed on to this bill.

Show all 121 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Subjects

finance education
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Frequently asked questions

What does AB 1898 do?
Existing law requires a school district that receives an emergency apportionment to enter into a lease financing with the California Infrastructure and Economic Development Bank for the purpose of financing the emergency apportionment. Existing law specifies various terms of the lease. This bill, commencing January 1, 2013, would provide that, for any lease financing with a total value of less than or equal to $25,000,000, adjusted annually as specified, entered into for the purpose of financing the emergency apportionment, the source of the financing would be the Pooled Money Investment Account, and the interest rate would be the rate earned by moneys in the Pooled Money Investment Account as of the date of the initial disbursement of emergency apportionment funds to the school district, unless the interest rate charged by the California Infrastructure and Economic Development Bank as of the date of the initial disbursement of emergency apportionment funds is lower than the Pooled Money Investment Account rate.
Who sponsors AB 1898?
AB 1898 is sponsored by Alejo.
What is the current status of AB 1898?
This bill died with 2011-2012 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track AB 1898?
Track AB 1898 free on One Click Politics — get push/email alerts when it moves.

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