California 2013-2014 Regular Session Status: Enacted 1 D cosponsors

AB 182 — Bonds: school districts and community college districts.

Last action — Chaptered by Secretary of State - Chapter 477, Statutes of 2013.

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

This bill has been enacted into law. Introduced January 24, 2013. Enacted.

Prognosis

Likely to advance 82% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 10 sponsors

    1 primary, 9 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 D).

  • Cleared a recorded vote

    Passed 6 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

(1) 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 to raise money for specified purposes. Existing law requires the bonds to bear a rate of interest that does not exceed 8% per annum and requires the number of years the whole or any part of the bonds are to run to not exceed 25 years. This bill would require the ratio of total debt service to principal for each bond series to not exceed 4 to one. The bill would require each bond, as defined, that allows for the compounding of interest, including, but not limited to, a capital appreciation bond, maturing more than 10 years after its date of issuance to be subject to redemption before its fixed maturity date, as specified, beginning no later than the 10th anniversary of the date the bond was issued. The bill would authorize a school district or community college district with a note issued before December 31, 2013, to seek from the State Board of Education or the Chancellor of the California Community Colleges, as applicable, a one-time waiver from certain requirements of this bill if 2 specified conditions are satisfied. (2) Existing law requires the governing board of a school district or community college district, before the sale of bonds, to adopt a resolution as an agenda item at a public meeting that includes specified information. This bill would require, if the sale includes bonds that allow for the compounding of interest, including, but not limited to, capital appreciation bonds, the agenda item to identify that bonds that allow for the compounding of interest are proposed and require the governing board of the school district or community college district to be presented with specified information concerning the bonds. The bill would require the resolution to be publicly noticed on at least 2 consecutive meeting agendas, first as an information item and 2nd as an action item. (3) Additionally and alternatively to the authority described above, existing law authorizes the legislative body of an issuer, by resolution, to provide for the issuance of bonds or refunding bonds. This bill would provide that bonds issued pursuant to this authority by a school district or community college district that do not allow for the compounding of interest may have a maturity that is greater than 30 years, but not greater than 40 years, if certain requirements are satisfied. The bill would require a school district or community college district that intends to issue bonds that allow for the compounding of interest, including, but not limited to, capital appreciation bonds, pursuant to this authority to conform the bond issuance to certain requirements otherwise applicable to bonds issued by a school district or community college district pursuant to the authority specified in (1) , above.

Bill Text

Action History

  1. Chaptered by Secretary of State - Chapter 477, Statutes of 2013.

  2. Approved by the Governor.

  3. Enrolled and presented to the Governor at 4 p.m.

  4. Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 0. Page 2902.).

  5. In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 6 pursuant to Assembly Rule 77.

  6. Read third time. Passed. Ordered to the Assembly. (Ayes 36. Noes 0. Page 2112.).

  7. Read second time. Ordered to third reading.

  8. Read third time and amended. Ordered to second reading.

  9. Read second time. Ordered to third reading.

  10. Read third time and amended. Ordered to second reading.

  11. Read second time and amended. Ordered to third reading.

  12. From committee: Do pass as amended. (Ayes 7. Noes 0.) (July 3).

  13. Read second time and amended. Re-referred to Com. on GOV. & F.

  14. From committee: Do pass as amended and re-refer to Com. on GOV. & F. (Ayes 8. Noes 0.) (June 26).

  15. In committee: Set, second hearing. Testimony taken. Further hearing to be set.

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

  17. In committee: Hearing postponed by committee.

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

  19. Referred to Coms. on ED. and GOV. & F.

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

  21. Read third time. Passed. Ordered to the Senate. (Ayes 75. Noes 0. Page 798.)

  22. Read second time. Ordered to third reading.

  23. Read second time and amended. Ordered to second reading.

  24. From committee: Do pass as amended. (Ayes 6. Noes 0.) (March 20).

  25. Re-referred to Com. on ED.

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

  27. Referred to Com. on ED.

  28. From printer. May be heard in committee February 24.

  29. Read first time. To print.

Sponsors

  • Alejo · Cosponsor
  • Block · Cosponsor
  • Buchanan · Primary
  • Chávez · Cosponsor
  • Hueso · Cosponsor
  • Torres · Cosponsor
  • Williams · Cosponsor
  • Wyland · Cosponsor
  • Roger Hernández · Cosponsor
  • Lisa Calderon · Cosponsor

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 9 co-sponsors · 112 not signed on

Sponsors (1)

  • Buchanan

Co-sponsors (9)

Not signed on (112)

112 members have not signed on to this bill.

Show all 112 →

"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

AB 182 BUCHANAN Concurrence in Senate Amendments

Passed 78 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 71000
Democratic 4000
Republican 3000
Total 78000
% of votes cast 100%0%0%0%
How each member voted (78)
Member Party Vote
Ammiano — Yea
Bradford — Yea
Brown — Yea
Jones-Sawyer — Yea
Linder — Yea
Maienschein — Yea
Mullin — Yea
Perea — Yea
Skinner — Yea
Williams — Yea
Buchanan — Yea
Campos — Yea
Daly — Yea
Achadjian — Yea
Gordon — Yea
Holden — Yea
Allen — Yea
Alejo — Yea
Mansoor — Yea
Nazarian — Yea
Olsen — Yea
Quirk — Yea
Ting — Yea
Wagner — Yea
Bloom — Yea
Weber — Yea
Wilk — Yea
Chau — Yea
Chesbro — Yea
Chávez — Yea
Conway — Yea
Cooley — Yea
Eggman — Yea
Hagman — Yea
Harkey — Yea
Logue — Yea
Medina — Yea
Bonilla — Yea
Morrell — Yea
Pan — Yea
Rendon — Yea
Wieckowski — Yea
Gray — Yea
Mitchell — Yea
Bocanegra — Yea
John A. Pérez — Yea
Salas — Yea
Lowenthal — Yea
Garcia — Yea
Atkins — Yea
Fong — Yea
Gatto — Yea
Bigelow — Yea
Levine — Yea
Melendez — Yea
Nestande — Yea
Waldron — Yea
Dickinson — Yea
Donnelly — Yea
Fox — Yea
Frazier — Yea
Yamada — Yea
Gomez — Yea
Gorell — Yea
Hall — Yea
Beth Gaines — Yea
Jim Patterson — Yea
Lorena Gonzalez — Yea
Mark Stone — Yea
Roger Hernández — Yea
V. Manuel Pérez — Yea
Bonta, Mia Democratic Yea
Calderon, Lisa Democratic Yea
Muratsuchi, Al Democratic Yea
Quirk-Silva, Sharon Democratic Yea
Dahle, Megan Republican Yea
Grove, Shannon Republican Yea
Jones, Brian W. Republican Yea

Official roll call →

3rd Reading AB182 Buchanan By Hueso

Passed 36 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 34002
Democratic 2001
Total 36003
% of votes cast 92%0%0%8%
How each member voted (39)
Member Party Vote
Anderson — Yea
Block — Yea
Knight — Yea
Lara — Yea
Liu — Yea
Pavley — Yea
Roth — Yea
Torres — Yea
Wolk — Yea
Fuller — Yea
Wright — Yea
Hill — Yea
Corbett — Yea
Lieu — Not Voting
Monning — Not Voting
Vidak — Yea
Galgiani — Yea
Hernandez — Yea
Hueso — Yea
Huff — Yea
Wyland — Yea
Leno — Yea
Nielsen — Yea
De León — Yea
Cannella — Yea
Beall — Yea
Correa — Yea
Steinberg — Yea
Walters — Yea
Emmerson — Yea
Evans — Yea
DeSaulnier — Yea
Yee — Yea
Hancock — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
Calderon, Lisa Democratic Not Voting
Jackson, Corey A. Democratic Yea
Padilla, Stephen C. Democratic Yea

Official roll call →

Do pass as amended.

Passed 7 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 7000
Total 7000
% of votes cast 100%0%0%0%
How each member voted (7)
Member Party Vote
Emmerson — Yea
DeSaulnier — Yea
Hernandez — Yea
Knight — Yea
Liu — Yea
Beall — Yea
Wolk — Yea

Official roll call →

AB 182 BUCHANAN Assembly Third Reading

Passed 75 Yea · 0 Nay · 4 Other
Party YeaNayPresentNot Voting
Unaffiliated 64004
Democratic 7000
Republican 4000
Total 75004
% of votes cast 95%0%0%5%
How each member voted (79)
Member Party Vote
Achadjian — Yea
Alejo — Yea
Ammiano — Yea
Bigelow — Yea
Bloom — Yea
Bradford — Yea
Brown — Yea
Buchanan — Yea
Jones-Sawyer — Yea
Linder — Yea
Logue — Yea
Mansoor — Not Voting
Morrell — Yea
Nazarian — Yea
Nestande — Yea
Pan — Yea
Quirk — Yea
Rendon — Yea
Torres — Yea
Wagner — Yea
Williams — Yea
Campos — Yea
Cooley — Yea
Frazier — Yea
Stone — Yea
Gatto — Yea
Gordon — Yea
Gray — Yea
Atkins — Yea
Gorell — Yea
Mitchell — Yea
Daly — Yea
Bonilla — Yea
Hagman — Yea
Hall — Yea
Harkey — Yea
Holden — Yea
Eggman — Yea
Levine — Yea
Medina — Yea
Melendez — Yea
Mullin — Yea
Olsen — Yea
Perea — Yea
Skinner — Yea
Waldron — Yea
Weber — Yea
Wieckowski — Yea
Wilk — Yea
Bocanegra — Yea
John A. Pérez — Yea
Chau — Yea
Salas — Yea
Chesbro — Yea
Lowenthal — Not Voting
Maienschein — Yea
Chávez — Yea
Conway — Not Voting
Donnelly — Yea
Blumenfield — Not Voting
Ting — Yea
Dickinson — Yea
Fox — Yea
Yamada — Yea
Gomez — Yea
Beth Gaines — Yea
Roger Hernández — Yea
V. Manuel Pérez — Yea
Allen, Benjamin Democratic Yea
Bonta, Mia Democratic Yea
Calderon, Lisa Democratic Yea
Fong, Mike Democratic Yea
Garcia, Robert Democratic Yea
Muratsuchi, Al Democratic Yea
Quirk-Silva, Sharon Democratic Yea
Dahle, Megan Republican Yea
Grove, Shannon Republican Yea
Jones, Brian W. Republican Yea
Patterson, Joe Republican Yea

Official roll call →

Do pass as amended.

Passed 6 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 6001
Total 6001
% of votes cast 86%0%0%14%
How each member voted (7)
Member Party Vote
Buchanan — Yea
Nazarian — Yea
Olsen — Not Voting
Weber — Yea
Campos — Yea
Chávez — Yea
Williams — Yea

Official roll call →

Subjects

finance education
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does AB 182 do?
(1) 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 to raise money for specified purposes. Existing law requires the bonds to bear a rate of interest that does not exceed 8% per annum and requires the number of years the whole or any part of the bonds are to run to not exceed 25 years. This bill would require the ratio of total debt service to principal for each bond series to not exceed 4 to one. The bill would require each bond, as defined, that allows for the compounding of interest, including, but not limited to, a capital appreciation bond, maturing more than 10 years after its date of issuance to be subject to redemption before its fixed maturity date, as specified, beginning no later than the 10th anniversary of the date the bond was issued. The bill would authorize a school district or community college district with a note issued before December 31, 2013, to seek from the State Board of Education or the Chancellor of the California Community Colleges, as applicable, a one-time waiver from certain requirements of this bill if 2 specified conditions are satisfied. (2) Existing law requires the governing board of a school district or community college district, before the sale of bonds, to adopt a resolution as an agenda item at a public meeting that includes specified information. This bill would require, if the sale includes bonds that allow for the compounding of interest, including, but not limited to, capital appreciation bonds, the agenda item to identify that bonds that allow for the compounding of interest are proposed and require the governing board of the school district or community college district to be presented with specified information concerning the bonds. The bill would require the resolution to be publicly noticed on at least 2 consecutive meeting agendas, first as an information item and 2nd as an action item. (3) Additionally and alternatively to the authority described above, existing law authorizes the legislative body of an issuer, by resolution, to provide for the issuance of bonds or refunding bonds. This bill would provide that bonds issued pursuant to this authority by a school district or community college district that do not allow for the compounding of interest may have a maturity that is greater than 30 years, but not greater than 40 years, if certain requirements are satisfied. The bill would require a school district or community college district that intends to issue bonds that allow for the compounding of interest, including, but not limited to, capital appreciation bonds, pursuant to this authority to conform the bond issuance to certain requirements otherwise applicable to bonds issued by a school district or community college district pursuant to the authority specified in (1) , above.
Who sponsors AB 182?
AB 182 is sponsored by Alejo, Block, Buchanan, Chávez, Hueso, Torres, Williams, Wyland, Roger Hernández, and Calderon, Lisa (Democratic).
What is the current status of AB 182?
This bill has been enacted into law. Introduced January 24, 2013. Enacted.
Where can I track AB 182?
Track AB 182 free on One Click Politics — get push/email alerts when it moves.

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