California 2013-2014 Regular Session Status: Passed Assembly

AB 1647 — Bonds: school districts and community college districts.

Last action — From Senate committee without further action.

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

This bill died with 2013-2014 Regular Session. It reached “Passed Assembly” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 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 ratio of total debt service to principal for each bond series to not exceed 4 to 1. Existing law requires each bond 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. Existing law requires, 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. Existing law requires 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, to comply with certain requirements. This bill would exempt a school district or community college district whose electors approved the issuance of a note in an election held on or before January 1, 2014, and began issuing a note pursuant to that authority on or before January 1, 2014, from, among other requirements, the requirements specified in the previous paragraph.

Bill Text

Action History

  1. From Senate committee without further action.

  2. Re-referred to Com. on RLS. pursuant to Senate Rule 29.10(c).

  3. Read second time. Ordered to third reading.

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

  5. Ordered to second reading.

  6. From inactive file.

  7. Ordered to inactive file at the request of Senator Berryhill.

  8. From consent calendar.

  9. Read second time. Ordered to consent calendar.

  10. From committee: Be placed on second reading file pursuant to Senate Rule 28.8 and ordered to consent calendar.

  11. From committee: Do pass and re-refer to Com. on APPR. with recommendation: to consent calendar. (Ayes 5. Noes 0.) (June 17). Re-referred to Com. on APPR.

  12. Referred to Com. on AGRI.

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

  14. Read third time. Passed. Ordered to the Senate. (Ayes 78. Noes 0. Page 4971.)

  15. Read second time. Ordered to consent calendar.

  16. From committee: Do pass. To consent calendar. (Ayes 17. Noes 0.) (May 7).

  17. From committee: Do pass and re-refer to Com. on APPR. with recommendation: to consent calendar. (Ayes 7. Noes 0.) (April 30). Re-referred to Com. on APPR.

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

  19. Re-referred to Com. on AGRI.

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

  21. Referred to Com. on AGRI.

  22. From printer. May be heard in committee March 14.

  23. Read first time. To print.

Sponsors

  • Wilk · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 121 not signed on

Sponsors (1)

  • Wilk

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

AB 1647 BIGELOW Consent Calendar Second Day

Passed 78 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 71001
Democratic 4000
Republican 3000
Total 78001
% of votes cast 99%0%0%1%
How each member voted (79)
Member Party Vote
Achadjian — Yea
Ammiano — Yea
Bigelow — Yea
Bradford — Yea
Brown — Yea
Buchanan — Yea
Holden — Yea
Linder — Yea
Maienschein — Yea
Olsen — Yea
Quirk — Yea
Rodriguez — Yea
Skinner — Yea
Waldron — Yea
Williams — Yea
Frazier — Yea
Gorell — Yea
Campos — Yea
Hagman — Yea
Harkey — Yea
Allen — Yea
Chau — Yea
Bonilla — Yea
Logue — Yea
Medina — Yea
Mullin — Yea
Nazarian — Yea
Gray — Yea
Pan — Yea
Bocanegra — Yea
John A. Pérez — Yea
Salas — Yea
Rendon — Yea
Alejo — Yea
Bloom — Yea
Chesbro — Yea
Chávez — Yea
Conway — Yea
Cooley — Yea
Daly — Yea
Donnelly — Yea
Eggman — Yea
Ridley-Thomas — Yea
Ting — Yea
Wagner — Yea
Weber — Yea
Wieckowski — Yea
Wilk — Yea
Lowenthal — Yea
Garcia — Yea
Atkins — Yea
Fong — Yea
Jones-Sawyer — Yea
Levine — Yea
Mansoor — Not Voting
Melendez — Yea
Nestande — Yea
Perea — Yea
Dababneh — Yea
Dickinson — Yea
Fox — Yea
Gatto — Yea
Yamada — Yea
Gomez — Yea
Gordon — 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 →

Do pass, to Consent Calendar.

Passed 17 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 15000
Republican 1000
Democratic 1000
Total 17000
% of votes cast 100%0%0%0%
How each member voted (17)
Member Party Vote
Bigelow — Yea
Bradford — Yea
Linder — Yea
Ridley-Thomas — Yea
Pan — Yea
Campos — Yea
Holden — Yea
Bocanegra — Yea
Donnelly — Yea
Quirk — Yea
Wagner — Yea
Weber — Yea
Eggman — Yea
Gatto — Yea
Gomez — Yea
Calderon, Lisa Democratic Yea
Jones, Brian W. Republican Yea

Official roll call →

Subjects

finance education
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Frequently asked questions

What does AB 1647 do?
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 ratio of total debt service to principal for each bond series to not exceed 4 to 1. Existing law requires each bond 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. Existing law requires, 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. Existing law requires 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, to comply with certain requirements. This bill would exempt a school district or community college district whose electors approved the issuance of a note in an election held on or before January 1, 2014, and began issuing a note pursuant to that authority on or before January 1, 2014, from, among other requirements, the requirements specified in the previous paragraph.
Who sponsors AB 1647?
AB 1647 is sponsored by Wilk.
What is the current status of AB 1647?
This bill died with 2013-2014 Regular Session. It reached “Passed Assembly” 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 1647?
Track AB 1647 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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