California 2013-2014 Regular Session Status: In Committee

AB 294 — Local-State Joint Investment Partnership Pilot Program.

Last action — From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

  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 2013-2014 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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

The Bergeson-Peace Infrastructure and Economic Development Bank Act establishes the Infrastructure and Economic Development Bank within the Governor's Office of Business and Economic Development. The bank is authorized to, among other things, issue bonds, approve the issuance of certain bonds, invest moneys, and make loans, as specified. This bill would, until January 1, 2020, establish a pilot program whereby certain local government entities, upon the approval and oversight of the bank, are authorized to reallocate their annual payments of property tax revenue directed to the Educational Revenue Augmentation Fund to instead finance certain kinds of public works that further state policy, as specified. This bill would require each local government entity operating a project under the pilot program and the bank to submit annual reports, as specified, on the results of the pilot program.

Bill Text

Action History

  1. From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

  2. Died pursuant to Art. IV, Sec. 10(c) of the Constitution.

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

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

  5. Re-referred to Com. on APPR.

  6. Read second time and amended.

  7. From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (May 1).

  8. Re-referred to Com. on L. GOV.

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

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

  11. Re-referred to Com. on L. GOV.

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

  13. Referred to Com. on L. GOV.

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

  15. Read first time. To print.

Sponsors

  • Holden · Primary

Sponsorship breakdown

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

Sponsors (1)

  • Holden

Co-sponsors (0)

None.

Not signed on (121)

121 members have not signed on to this bill.

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"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.

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Votes

Subjects

public-safety finance transportation education
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Frequently asked questions

What does AB 294 do?
The Bergeson-Peace Infrastructure and Economic Development Bank Act establishes the Infrastructure and Economic Development Bank within the Governor's Office of Business and Economic Development. The bank is authorized to, among other things, issue bonds, approve the issuance of certain bonds, invest moneys, and make loans, as specified. This bill would, until January 1, 2020, establish a pilot program whereby certain local government entities, upon the approval and oversight of the bank, are authorized to reallocate their annual payments of property tax revenue directed to the Educational Revenue Augmentation Fund to instead finance certain kinds of public works that further state policy, as specified. This bill would require each local government entity operating a project under the pilot program and the bank to submit annual reports, as specified, on the results of the pilot program.
Who sponsors AB 294?
AB 294 is sponsored by Holden.
What is the current status of AB 294?
This bill died with 2013-2014 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 294?
Track AB 294 free on One Click Politics — get push/email alerts when it moves.

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