High-speed rail bonds: housing.
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AB 553 — High-speed rail bonds: housing.
Last action — From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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2In Committee
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3Passed Assembly
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4Passed Senate
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5To Executive
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6Enacted
This bill died with 2019-2020 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 California High-Speed Rail Act creates the High-Speed Rail Authority to develop and implement a high-speed rail system in the state. The Safe, Reliable High-Speed Passenger Train Bond Act for the 21st Century, approved by the voters as Proposition 1A at the November 4, 2008, general election, provides for the issuance of $9 billion in general obligation bonds for high-speed rail purposes and $950 million for other related rail purposes. Article XVI of the California Constitution requires measures authorizing general obligation bonds to specify the single object or work to be funded by the bonds and further requires a bond act to be approved by a 23 vote of each house of the Legislature and a majority of the voters. This bill would provide that no further bonds shall be sold for high-speed rail purposes pursuant to the Safe, Reliable High-Speed Passenger Train Bond Act for the 21st Century, except as specifically provided with respect to an existing appropriation for high-speed rail purposes for early improvement projects in the Phase I blended system. The bill, subject to the above exception, would require redirection of the unspent proceeds received from outstanding bonds issued and sold for other high-speed rail purposes before the effective date of these provisions, upon appropriation, for use in retiring the debt incurred from the issuance and sale of those outstanding bonds. The bill, subject to the above exception, would also require the net proceeds of other bonds subsequently issued and sold under the high-speed rail portion of the bond act to be made available, upon appropriation, to the Department of Housing and Community Development's Multifamily Housing Program. The bill would make no changes to the authorization under the bond act for issuance of $950 million for rail purposes other than high-speed rail. These provisions would become effective only upon approval by the voters at the next statewide general election. This bill would declare that it is to take effect immediately as an urgency statute.
Bill Text
- Amended 03/13/19 - Amended Assembly Current pdf March 13, 2019
- Introduced 02/13/19 - Introduced pdf February 13, 2019
- AB553 View text html
Action History
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From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
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Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
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In committee: Set, first hearing. Failed passage. Reconsideration granted.
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Re-referred to Com. on TRANS.
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From committee chair, with author's amendments: Amend, and re-refer to Com. on TRANS. Read second time and amended.
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Referred to Com. on TRANS.
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From printer. May be heard in committee March 16.
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Read first time. To print.
Sponsors
- Melendez · Primary
- Tom Lackey · Cosponsor
- Mathis · Cosponsor
- Joe Patterson · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 3 co-sponsors · 118 not signed on · 4 voted No
Sponsors (1)
- Melendez
Co-sponsors (3)
- Lackey, Tom Republican
- Mathis
- Patterson, Joe Republican
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 | 3 | 7 | 0 | 0 |
| Democratic | 1 | 4 | 0 | 0 |
| Total | 4 | 11 | 0 | 0 |
| % of votes cast | 27% | 73% | 0% | 0% |
How each member voted (15)
| Member | Party | Vote |
|---|---|---|
| Cunningham | — | Yea |
| Diep | — | Yea |
| Bigelow | — | Yea |
| Nazarian | — | Nay |
| Friedman | — | Nay |
| Medina | — | Nay |
| Frazier | — | Nay |
| Daly | — | Nay |
| Chu | — | Nay |
| O'Donnell | — | Nay |
| Aguiar-Curry, Cecilia M. | Democratic | Nay |
| Berman, Marc | Democratic | Nay |
| Fong, Mike | Democratic | Yea |
| Gipson, Mike A. | Democratic | Nay |
| Grayson, Timothy S. | Democratic | Nay |
Subjects
Frequently asked questions
- What does AB 553 do?
- The California High-Speed Rail Act creates the High-Speed Rail Authority to develop and implement a high-speed rail system in the state. The Safe, Reliable High-Speed Passenger Train Bond Act for the 21st Century, approved by the voters as Proposition 1A at the November 4, 2008, general election, provides for the issuance of $9 billion in general obligation bonds for high-speed rail purposes and $950 million for other related rail purposes. Article XVI of the California Constitution requires measures authorizing general obligation bonds to specify the single object or work to be funded by the bonds and further requires a bond act to be approved by a 23 vote of each house of the Legislature and a majority of the voters. This bill would provide that no further bonds shall be sold for high-speed rail purposes pursuant to the Safe, Reliable High-Speed Passenger Train Bond Act for the 21st Century, except as specifically provided with respect to an existing appropriation for high-speed rail purposes for early improvement projects in the Phase I blended system. The bill, subject to the above exception, would require redirection of the unspent proceeds received from outstanding bonds issued and sold for other high-speed rail purposes before the effective date of these provisions, upon appropriation, for use in retiring the debt incurred from the issuance and sale of those outstanding bonds. The bill, subject to the above exception, would also require the net proceeds of other bonds subsequently issued and sold under the high-speed rail portion of the bond act to be made available, upon appropriation, to the Department of Housing and Community Development's Multifamily Housing Program. The bill would make no changes to the authorization under the bond act for issuance of $950 million for rail purposes other than high-speed rail. These provisions would become effective only upon approval by the voters at the next statewide general election. This bill would declare that it is to take effect immediately as an urgency statute.
- Who sponsors AB 553?
- AB 553 is sponsored by Melendez, Lackey, Tom (Republican), Mathis, and Patterson, Joe (Republican).
- What is the current status of AB 553?
- This bill died with 2019-2020 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 553?
- Track AB 553 free on One Click Politics — get push/email alerts when it moves.
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