State finance: financing authorities.
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AB 1547 — State finance: financing authorities.
Last action — Chaptered by Secretary of State - Chapter 645, Statutes of 2018.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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✓Passed Assembly
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✓Passed Senate
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced February 17, 2017. Enacted.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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4 sponsors
1 primary, 3 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (3 D).
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Mixed recorded votes
10 passed, 1 failed in 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, the California Industrial Development Financing Act, authorizes cities, counties, cities and counties, and redevelopment agencies to establish industrial development authorities that are authorized to issue industrial development bonds, the proceeds of which may be used to fund capital projects of private enterprise under terms and conditions specified in the act. The act authorizes an authority to issue tax-exempt bonds, and defines "tax-exempt" for these purposes to mean that the interest on the bonds is excluded from gross income of the holders thereof for federal income tax purposes. The act establishes the California Industrial Development Financing Advisory Commission, and requires the commission to approve the issuance of industrial development bonds pursuant to these provisions. The act also authorizes the commission to carry out other specified powers related to the issuance of industrial development bonds, including authorizing the commission to act as a bond pooling agent and requires fees to be charged to cover the costs of the commission in carrying out these provisions. Existing law requires these fees to be deposited in the Industrial Development Fund, which is available, upon appropriation, to the commission for expenses. This bill would abolish the California Industrial Development Financing Advisory Commission, and would make conforming changes to that effect. The bill would also provide that "tax-exempt" for purposes of the act includes that the interest on the bonds is otherwise entitled to any federal tax advantage. The bill would transfer any moneys, including interest earned, in the Industrial Development Fund to the California Debt Limit Allocation Committee Fund, established in existing law, and appropriate those moneys to the California Pollution Control Financing Authority to reimburse this authority for its administrative costs related to the abolishment of the California Industrial Development Financing Advisory Commission, as specified, and also to the California Debt Limit Allocation Committee. (2) Existing law establishes the Capital Access Loan Program to assist small businesses in financing the costs of complying with environmental mandates and the remediation of contamination on their properties. Existing law establishes the California Americans with Disabilities Act Small Business Capital Access Loan Program (ADA program) , within the Capital Access Loan Program, to assist small businesses in financing the eligible costs of projects that alter or retrofit existing small business facilities to comply with the federal Americans with Disabilities Act. Existing law defines a small business for purposes of the ADA program to mean a business that meets certain criteria, including that it be a small business concern, as defined under specified federal law, and additionally that it has 15 or fewer full-time employees, has less than $5,000,000 in total gross annual income from all sources, and does not provide overnight accommodations. Existing law establishes the California Americans with Disabilities Act Small Business Capital Access Loan Program Fund as a continuously appropriated fund, and requires the authority to use the fund for specified purposes related to the ADA program. This bill would modify the definition of a small business for purposes of the ADA program to instead mean a business that is independently owned and operated and not dominant in its field, and that has 30 or fewer full-time employees or that has less than $5,000,000 in total gross annual income from all sources. The bill would thereby expand the types of businesses that qualify for funding under the ADA program. By expanding the authorized uses of moneys in a continuously appropriated fund, the bill would make an appropriation. (3) Existing law establishes within the Capital Access Loan Program the California Seismic Safety Capital Access Loan Program to assist qualified residential property owners and qualified small business owners in seismically retrofitting qualified buildings by covering losses on qualified loans for those purposes. Existing law defines the term "qualified building" for these purposes to mean a building that is certified by the appropriate local building code enforcement authority as hazardous and in danger of collapse during an earthquake. Existing law requires a "qualified small business" and "qualified residential property owner" to own and occupy the qualified building, and prohibits a qualified loan under the program from being used to finance passive real estate ownership. Existing law requires the California Pollution Control Financing Authority to administer the program, including regulations and funds received for the program, as specified. Existing law establishes the California Seismic Safety Capital Access Loan Program Fund, which is continuously appropriated to the authority to carry out the purposes of the California Seismic Safety Capital Access Loan Program. This bill would modify the term "qualified building" to mean a residential or commercial building identified by the local building code official as a building in need of seismic retrofitting and is either a building of a type that is potentially vulnerable in the event of a catastrophic earthquake or a building constructed before 1981. This bill would no longer require a "qualified small business" or a "qualified residential property owner" to occupy a qualified building in order to be eligible under the program, and would authorize a qualified loan under the program to be used to finance passive real estate ownership. By expanding the purposes of a continuously appropriated fund, this bill would make an appropriation. (4) The California Alternative Energy and Advanced Transportation Financing Authority Act authorizes, until January 1, 2021, the authority to provide financial assistance in the form of a sales and use tax exclusion for projects, including those that promote California-based manufacturing, California-based jobs, the reduction of greenhouse gases, or the reduction in air and water pollution or energy consumption. The act prohibits the sales and use tax exclusions from exceeding $100,000,000 for each calendar year. The act authorizes the authority, until July 1, 2021, to grant financial assistance in the form of a sales and use tax exclusion for projects that promote the use of advanced manufacturing. This bill would expand the sales and use tax exemption to include the lease or transfer of tangible personal property, constituting any project, to any contractor for use in the performance of a construction contract that will use the property as an integral part of the approved project. (5) This bill would declare that it is to take effect immediately as an urgency statute.
Bill Text
- Chaptered 09/21/18 - Chaptered Current pdf September 21, 2018
- Enrolled 09/05/18 - Enrolled pdf September 05, 2018
- Amended 08/24/18 - Amended Senate pdf August 24, 2018
- Amended 08/17/18 - Amended Senate pdf August 17, 2018
- Amended 06/18/18 - Amended Senate pdf June 18, 2018
- Amended 05/01/18 - Amended Senate pdf May 01, 2018
- Amended 01/11/18 - Amended Assembly pdf January 11, 2018
- Amended 01/03/18 - Amended Assembly pdf January 03, 2018
- Introduced 02/17/17 - Introduced pdf February 17, 2017
- AB1547 View text html
Action History
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Chaptered by Secretary of State - Chapter 645, Statutes of 2018.
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Approved by the Governor.
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Enrolled and presented to the Governor at 4:30 p.m.
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Urgency clause adopted. Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 79. Noes 0.).
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In Assembly. Concurrence in Senate amendments pending.
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Read third time. Urgency clause adopted. Passed. Ordered to the Assembly. (Ayes 38. Noes 0. Page 6079.).
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Reconsideration granted. (Ayes 38. Noes 0. Page 6005.)
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Read third time. Urgency clause refused adoption. (Ayes 26. Noes 1. Page 6004.)
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Read second time. Ordered to third reading.
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Read third time and amended. Ordered to second reading.
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Read second time. Ordered to third reading.
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Read second time and amended. Ordered returned to second reading.
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From committee: Amend, and do pass as amended. (Ayes 7. Noes 0.) (August 16).
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In committee: Referred to APPR. suspense file.
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From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (June 25). Re-referred to Com. on APPR.
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From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B., P. & E.D.
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From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B., P. & E.D.
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Referred to Com. on B., P. & E.D.
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In Senate. Read first time. To Com. on RLS. for assignment.
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Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 3860.)
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Read second time. Ordered to third reading.
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From committee: Do pass. (Ayes 17. Noes 0.) (January 18).
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In committee: Set, first hearing. Referred to APPR. suspense file.
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Re-referred to Com. on APPR.
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Read second time and amended.
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From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (January 9).
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Re-referred to Com. on J., E.D., & E.
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From committee chair, with author's amendments: Amend, and re-refer to Com. on J., E.D., & E. Read second time and amended.
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Referred to Com. on J., E.D., & E.
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From printer. May be heard in committee March 21.
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Read first time. To print.
Sponsors
- Marc Berman · Cosponsor
- Sabrina Cervantes · Cosponsor
- Sharon Quirk-Silva · Primary
- Rodriguez · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 3 co-sponsors · 118 not signed on
Sponsors (1)
- Quirk-Silva, Sharon Democratic
Co-sponsors (3)
- Berman, Marc Democratic
- Cervantes, Sabrina Democratic
- Rodriguez
Not signed on (118)
118 members have not signed on to this bill.
Show all 118 →"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.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 57 | 0 | 0 | 1 |
| Democratic | 16 | 0 | 0 | 0 |
| Republican | 6 | 0 | 0 | 0 |
| Total | 79 | 0 | 0 | 1 |
| % of votes cast | 99% | 0% | 0% | 1% |
How each member voted (80)
| Member | Party | Vote |
|---|---|---|
| Acosta | — | Yea |
| Bigelow | — | Yea |
| Bloom | — | Yea |
| Brough | — | Yea |
| Kamlager-Dove | — | Yea |
| Kiley | — | Yea |
| Maienschein | — | Yea |
| Mathis | — | Yea |
| Nazarian | — | Yea |
| Rendon | — | Yea |
| Steinorth | — | Yea |
| Thurmond | — | Yea |
| Ting | — | Yea |
| Waldron | — | Yea |
| Wood | — | Yea |
| Chiu | — | Yea |
| Daly | — | Yea |
| Friedman | — | Yea |
| Frazier | — | Yea |
| Gloria | — | Yea |
| Harper | — | Yea |
| Holden | — | Yea |
| Gonzalez Fletcher | — | Yea |
| Jones-Sawyer | — | Yea |
| Rubio | — | Yea |
| Salas | — | Yea |
| Mayes | — | Yea |
| McCarty | — | Yea |
| Medina | — | Yea |
| Rivas | — | Yea |
| Melendez | — | Yea |
| Mullin | — | Yea |
| Fong | — | Yea |
| Gray | — | Yea |
| O'Donnell | — | Yea |
| Obernolte | — | Yea |
| Baker | — | Yea |
| Chau | — | Yea |
| Chu | — | Yea |
| Chávez | — | Yea |
| Cooper | — | Yea |
| Cunningham | — | Yea |
| Quirk | — | Yea |
| Rodriguez | — | Yea |
| Santiago | — | Yea |
| Voepel | — | Yea |
| Weber | — | Yea |
| Eggman | — | Not Voting |
| Burke | — | Yea |
| Cooley | — | Yea |
| Levine | — | Yea |
| Low | — | Yea |
| Cristina Garcia | — | Yea |
| Eduardo Garcia | — | Yea |
| Jim Patterson | — | Yea |
| Mark Stone | — | Yea |
| Travis Allen | — | Yea |
| Wendy Carrillo | — | Yea |
| Aguiar-Curry, Cecilia M. | Democratic | Yea |
| Arambula, Joaquin | Democratic | Yea |
| Berman, Marc | Democratic | Yea |
| Bonta, Mia | Democratic | Yea |
| Caballero, Anna M. | Democratic | Yea |
| Calderon, Lisa | Democratic | Yea |
| Cervantes, Sabrina | Democratic | Yea |
| Gabriel, Jesse | Democratic | Yea |
| Gipson, Mike A. | Democratic | Yea |
| Grayson, Timothy S. | Democratic | Yea |
| Irwin, Jacqui | Democratic | Yea |
| Kalra, Ash | Democratic | Yea |
| Limón, Monique | Democratic | Yea |
| Muratsuchi, Al | Democratic | Yea |
| Quirk-Silva, Sharon | Democratic | Yea |
| Reyes, Eloise Gómez | Democratic | Yea |
| Chen, Phillip | Republican | Yea |
| Choi, Steven S. | Republican | Yea |
| Dahle, Megan | Republican | Yea |
| Flora, Heath | Republican | Yea |
| Gallagher, James | Republican | Yea |
| Lackey, Tom | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 33 | 0 | 0 | 2 |
| Democratic | 5 | 0 | 0 | 0 |
| Total | 38 | 0 | 0 | 2 |
| % of votes cast | 95% | 0% | 0% | 5% |
How each member voted (40)
| Member | Party | Vote |
|---|---|---|
| Anderson | — | Yea |
| Bates | — | Yea |
| Beall | — | Yea |
| Bradford | — | Yea |
| Hernandez | — | Yea |
| Roth | — | Yea |
| Skinner | — | Yea |
| Vidak | — | Yea |
| Fuller | — | Yea |
| Galgiani | — | Yea |
| Glazer | — | Yea |
| Allen | — | Yea |
| Cannella | — | Yea |
| Chang | — | Yea |
| Portantino | — | Yea |
| Atkins | — | Yea |
| Mitchell | — | Yea |
| Hertzberg | — | Yea |
| De León | — | Not Voting |
| Delgado | — | Yea |
| Hill | — | Yea |
| Dodd | — | Yea |
| Hueso | — | Yea |
| Lara | — | Yea |
| Leyva | — | Yea |
| Monning | — | Yea |
| Moorlach | — | Yea |
| Morrell | — | Yea |
| Nielsen | — | Yea |
| Pan | — | Yea |
| Wieckowski | — | Yea |
| Wilk | — | Yea |
| Beth Gaines | — | Yea |
| Bill Berryhill | — | Not Voting |
| Mark Stone | — | Yea |
| Jackson, Corey A. | Democratic | Yea |
| McGuire, Mike | Democratic | Yea |
| Nguyen, Stephanie | Democratic | Yea |
| Stern, Henry I. | Democratic | Yea |
| Wiener, Scott D. | Democratic | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 22 | 1 | 0 | 12 |
| Democratic | 4 | 0 | 0 | 1 |
| Total | 26 | 1 | 0 | 13 |
| % of votes cast | 65% | 3% | 0% | 33% |
How each member voted (40)
| Member | Party | Vote |
|---|---|---|
| Anderson | — | Not Voting |
| Bates | — | Not Voting |
| Bradford | — | Yea |
| Hernandez | — | Yea |
| Hertzberg | — | Yea |
| Monning | — | Yea |
| Morrell | — | Not Voting |
| Skinner | — | Yea |
| Wieckowski | — | Yea |
| Wilk | — | Not Voting |
| Cannella | — | Not Voting |
| Portantino | — | Yea |
| Atkins | — | Yea |
| Mitchell | — | Yea |
| Fuller | — | Not Voting |
| Galgiani | — | Yea |
| Chang | — | Not Voting |
| Hueso | — | Yea |
| Beall | — | Yea |
| Delgado | — | Yea |
| Dodd | — | Yea |
| Leyva | — | Yea |
| Moorlach | — | Nay |
| Nielsen | — | Not Voting |
| Vidak | — | Not Voting |
| Glazer | — | Yea |
| Hill | — | Yea |
| Allen | — | Yea |
| De León | — | Yea |
| Lara | — | Yea |
| Pan | — | Yea |
| Roth | — | Yea |
| Beth Gaines | — | Not Voting |
| Bill Berryhill | — | Not Voting |
| Mark Stone | — | Not Voting |
| Jackson, Corey A. | Democratic | Yea |
| McGuire, Mike | Democratic | Yea |
| Nguyen, Stephanie | Democratic | Not Voting |
| Stern, Henry I. | Democratic | Yea |
| Wiener, Scott D. | Democratic | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 33 | 0 | 0 | 2 |
| Democratic | 5 | 0 | 0 | 0 |
| Total | 38 | 0 | 0 | 2 |
| % of votes cast | 95% | 0% | 0% | 5% |
How each member voted (40)
| Member | Party | Vote |
|---|---|---|
| Anderson | — | Yea |
| Beall | — | Yea |
| Bradford | — | Yea |
| Hueso | — | Yea |
| Leyva | — | Yea |
| Moorlach | — | Yea |
| Pan | — | Yea |
| Skinner | — | Yea |
| Vidak | — | Yea |
| Wieckowski | — | Yea |
| Galgiani | — | Yea |
| Glazer | — | Yea |
| Fuller | — | Yea |
| Allen | — | Yea |
| Cannella | — | Yea |
| De León | — | Yea |
| Chang | — | Yea |
| Portantino | — | Yea |
| Atkins | — | Yea |
| Mitchell | — | Yea |
| Hernandez | — | Yea |
| Hertzberg | — | Yea |
| Hill | — | Yea |
| Bates | — | Yea |
| Delgado | — | Not Voting |
| Dodd | — | Yea |
| Lara | — | Yea |
| Monning | — | Yea |
| Morrell | — | Yea |
| Nielsen | — | Yea |
| Roth | — | Yea |
| Wilk | — | Yea |
| Beth Gaines | — | Yea |
| Bill Berryhill | — | Not Voting |
| Mark Stone | — | Yea |
| Jackson, Corey A. | Democratic | Yea |
| McGuire, Mike | Democratic | Yea |
| Nguyen, Stephanie | Democratic | Yea |
| Stern, Henry I. | Democratic | Yea |
| Wiener, Scott D. | Democratic | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 6 | 0 | 0 | 0 |
| Democratic | 1 | 0 | 0 | 0 |
| Total | 7 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (7)
| Member | Party | Vote |
|---|---|---|
| Bradford | — | Yea |
| Hill | — | Yea |
| Nielsen | — | Yea |
| Portantino | — | Yea |
| Bates | — | Yea |
| Beall | — | Yea |
| Wiener, Scott D. | Democratic | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 6 | 0 | 0 | 0 |
| Democratic | 1 | 0 | 0 | 0 |
| Total | 7 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (7)
| Member | Party | Vote |
|---|---|---|
| Bradford | — | Yea |
| Hill | — | Yea |
| Portantino | — | Yea |
| Bates | — | Yea |
| Beall | — | Yea |
| Nielsen | — | Yea |
| Wiener, Scott D. | Democratic | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 9 | 0 | 0 | 0 |
| Total | 9 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (9)
| Member | Party | Vote |
|---|---|---|
| Hill | — | Yea |
| Fuller | — | Yea |
| Dodd | — | Yea |
| Galgiani | — | Yea |
| Allen | — | Yea |
| Glazer | — | Yea |
| Hernandez | — | Yea |
| Pan | — | Yea |
| Wilk | — | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 56 | 0 | 0 | 0 |
| Democratic | 15 | 0 | 0 | 0 |
| Republican | 6 | 0 | 0 | 0 |
| Total | 77 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (77)
| Member | Party | Vote |
|---|---|---|
| Acosta | — | Yea |
| Bigelow | — | Yea |
| Bloom | — | Yea |
| Brough | — | Yea |
| Holden | — | Yea |
| Levine | — | Yea |
| Mathis | — | Yea |
| Obernolte | — | Yea |
| Rodriguez | — | Yea |
| Thurmond | — | Yea |
| Weber | — | Yea |
| Eggman | — | Yea |
| Chu | — | Yea |
| Cooper | — | Yea |
| Cunningham | — | Yea |
| Daly | — | Yea |
| Friedman | — | Yea |
| Gloria | — | Yea |
| Burke | — | Yea |
| Gonzalez Fletcher | — | Yea |
| Frazier | — | Yea |
| Rubio | — | Yea |
| Salas | — | Yea |
| Harper | — | Yea |
| Jones-Sawyer | — | Yea |
| Kiley | — | Yea |
| Fong | — | Yea |
| Gray | — | Yea |
| Low | — | Yea |
| Maienschein | — | Yea |
| Mayes | — | Yea |
| McCarty | — | Yea |
| Medina | — | Yea |
| Voepel | — | Yea |
| Baker | — | Yea |
| Chau | — | Yea |
| Chiu | — | Yea |
| Chávez | — | Yea |
| Cooley | — | Yea |
| Melendez | — | Yea |
| Mullin | — | Yea |
| Nazarian | — | Yea |
| O'Donnell | — | Yea |
| Quirk | — | Yea |
| Rendon | — | Yea |
| Santiago | — | Yea |
| Steinorth | — | Yea |
| Ting | — | Yea |
| Waldron | — | Yea |
| Wood | — | Yea |
| Cristina Garcia | — | Yea |
| Eduardo Garcia | — | Yea |
| Jim Patterson | — | Yea |
| Mark Stone | — | Yea |
| Travis Allen | — | Yea |
| Wendy Carrillo | — | Yea |
| Aguiar-Curry, Cecilia M. | Democratic | Yea |
| Arambula, Joaquin | Democratic | Yea |
| Berman, Marc | Democratic | Yea |
| Bonta, Mia | Democratic | Yea |
| Caballero, Anna M. | Democratic | Yea |
| Calderon, Lisa | Democratic | Yea |
| Cervantes, Sabrina | Democratic | Yea |
| Gipson, Mike A. | Democratic | Yea |
| Grayson, Timothy S. | Democratic | Yea |
| Irwin, Jacqui | Democratic | Yea |
| Kalra, Ash | Democratic | Yea |
| Limón, Monique | Democratic | Yea |
| Muratsuchi, Al | Democratic | Yea |
| Quirk-Silva, Sharon | Democratic | Yea |
| Reyes, Eloise Gómez | Democratic | Yea |
| Chen, Phillip | Republican | Yea |
| Choi, Steven S. | Republican | Yea |
| Dahle, Megan | Republican | Yea |
| Flora, Heath | Republican | Yea |
| Gallagher, James | Republican | Yea |
| Lackey, Tom | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 13 | 0 | 0 | 0 |
| Democratic | 3 | 0 | 0 | 0 |
| Republican | 1 | 0 | 0 | 0 |
| Total | 17 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (17)
| Member | Party | Vote |
|---|---|---|
| Bloom | — | Yea |
| Brough | — | Yea |
| Jones-Sawyer | — | Yea |
| Eggman | — | Yea |
| Gonzalez Fletcher | — | Yea |
| Friedman | — | Yea |
| Fong | — | Yea |
| Bigelow | — | Yea |
| Chau | — | Yea |
| Obernolte | — | Yea |
| Quirk | — | Yea |
| Eduardo Garcia | — | Yea |
| Wendy Carrillo | — | Yea |
| Bonta, Mia | Democratic | Yea |
| Calderon, Lisa | Democratic | Yea |
| Reyes, Eloise Gómez | Democratic | Yea |
| Gallagher, James | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 13 | 0 | 0 | 0 |
| Democratic | 3 | 0 | 0 | 0 |
| Republican | 1 | 0 | 0 | 0 |
| Total | 17 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (17)
| Member | Party | Vote |
|---|---|---|
| Bloom | — | Yea |
| Brough | — | Yea |
| Eggman | — | Yea |
| Friedman | — | Yea |
| Gonzalez Fletcher | — | Yea |
| Fong | — | Yea |
| Jones-Sawyer | — | Yea |
| Bigelow | — | Yea |
| Chau | — | Yea |
| Obernolte | — | Yea |
| Quirk | — | Yea |
| Eduardo Garcia | — | Yea |
| Wendy Carrillo | — | Yea |
| Bonta, Mia | Democratic | Yea |
| Calderon, Lisa | Democratic | Yea |
| Reyes, Eloise Gómez | Democratic | Yea |
| Gallagher, James | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democratic | 3 | 0 | 0 | 0 |
| Unaffiliated | 3 | 0 | 0 | 0 |
| Total | 6 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (6)
| Member | Party | Vote |
|---|---|---|
| Rodriguez | — | Yea |
| Jim Patterson | — | Yea |
| Travis Allen | — | Yea |
| Berman, Marc | Democratic | Yea |
| Cervantes, Sabrina | Democratic | Yea |
| Quirk-Silva, Sharon | Democratic | Yea |
Subjects
Frequently asked questions
- What does AB 1547 do?
- (1) Existing law, the California Industrial Development Financing Act, authorizes cities, counties, cities and counties, and redevelopment agencies to establish industrial development authorities that are authorized to issue industrial development bonds, the proceeds of which may be used to fund capital projects of private enterprise under terms and conditions specified in the act. The act authorizes an authority to issue tax-exempt bonds, and defines "tax-exempt" for these purposes to mean that the interest on the bonds is excluded from gross income of the holders thereof for federal income tax purposes. The act establishes the California Industrial Development Financing Advisory Commission, and requires the commission to approve the issuance of industrial development bonds pursuant to these provisions. The act also authorizes the commission to carry out other specified powers related to the issuance of industrial development bonds, including authorizing the commission to act as a bond pooling agent and requires fees to be charged to cover the costs of the commission in carrying out these provisions. Existing law requires these fees to be deposited in the Industrial Development Fund, which is available, upon appropriation, to the commission for expenses. This bill would abolish the California Industrial Development Financing Advisory Commission, and would make conforming changes to that effect. The bill would also provide that "tax-exempt" for purposes of the act includes that the interest on the bonds is otherwise entitled to any federal tax advantage. The bill would transfer any moneys, including interest earned, in the Industrial Development Fund to the California Debt Limit Allocation Committee Fund, established in existing law, and appropriate those moneys to the California Pollution Control Financing Authority to reimburse this authority for its administrative costs related to the abolishment of the California Industrial Development Financing Advisory Commission, as specified, and also to the California Debt Limit Allocation Committee. (2) Existing law establishes the Capital Access Loan Program to assist small businesses in financing the costs of complying with environmental mandates and the remediation of contamination on their properties. Existing law establishes the California Americans with Disabilities Act Small Business Capital Access Loan Program (ADA program) , within the Capital Access Loan Program, to assist small businesses in financing the eligible costs of projects that alter or retrofit existing small business facilities to comply with the federal Americans with Disabilities Act. Existing law defines a small business for purposes of the ADA program to mean a business that meets certain criteria, including that it be a small business concern, as defined under specified federal law, and additionally that it has 15 or fewer full-time employees, has less than $5,000,000 in total gross annual income from all sources, and does not provide overnight accommodations. Existing law establishes the California Americans with Disabilities Act Small Business Capital Access Loan Program Fund as a continuously appropriated fund, and requires the authority to use the fund for specified purposes related to the ADA program. This bill would modify the definition of a small business for purposes of the ADA program to instead mean a business that is independently owned and operated and not dominant in its field, and that has 30 or fewer full-time employees or that has less than $5,000,000 in total gross annual income from all sources. The bill would thereby expand the types of businesses that qualify for funding under the ADA program. By expanding the authorized uses of moneys in a continuously appropriated fund, the bill would make an appropriation. (3) Existing law establishes within the Capital Access Loan Program the California Seismic Safety Capital Access Loan Program to assist qualified residential property owners and qualified small business owners in seismically retrofitting qualified buildings by covering losses on qualified loans for those purposes. Existing law defines the term "qualified building" for these purposes to mean a building that is certified by the appropriate local building code enforcement authority as hazardous and in danger of collapse during an earthquake. Existing law requires a "qualified small business" and "qualified residential property owner" to own and occupy the qualified building, and prohibits a qualified loan under the program from being used to finance passive real estate ownership. Existing law requires the California Pollution Control Financing Authority to administer the program, including regulations and funds received for the program, as specified. Existing law establishes the California Seismic Safety Capital Access Loan Program Fund, which is continuously appropriated to the authority to carry out the purposes of the California Seismic Safety Capital Access Loan Program. This bill would modify the term "qualified building" to mean a residential or commercial building identified by the local building code official as a building in need of seismic retrofitting and is either a building of a type that is potentially vulnerable in the event of a catastrophic earthquake or a building constructed before 1981. This bill would no longer require a "qualified small business" or a "qualified residential property owner" to occupy a qualified building in order to be eligible under the program, and would authorize a qualified loan under the program to be used to finance passive real estate ownership. By expanding the purposes of a continuously appropriated fund, this bill would make an appropriation. (4) The California Alternative Energy and Advanced Transportation Financing Authority Act authorizes, until January 1, 2021, the authority to provide financial assistance in the form of a sales and use tax exclusion for projects, including those that promote California-based manufacturing, California-based jobs, the reduction of greenhouse gases, or the reduction in air and water pollution or energy consumption. The act prohibits the sales and use tax exclusions from exceeding $100,000,000 for each calendar year. The act authorizes the authority, until July 1, 2021, to grant financial assistance in the form of a sales and use tax exclusion for projects that promote the use of advanced manufacturing. This bill would expand the sales and use tax exemption to include the lease or transfer of tangible personal property, constituting any project, to any contractor for use in the performance of a construction contract that will use the property as an integral part of the approved project. (5) This bill would declare that it is to take effect immediately as an urgency statute.
- Who sponsors AB 1547?
- AB 1547 is sponsored by Berman, Marc (Democratic), Cervantes, Sabrina (Democratic), Quirk-Silva, Sharon (Democratic), and Rodriguez.
- What is the current status of AB 1547?
- This bill has been enacted into law. Introduced February 17, 2017. Enacted.
- Where can I track AB 1547?
- Track AB 1547 free on One Click Politics — get push/email alerts when it moves.
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