- District 46
Existing law, the Marks-Roos Local Bond Pooling Act of 1985, authorizes certain joint powers authorities to issue rate reduction bonds to finance utility projects, as provided. Existing law requires the California Pollution Control Financing Authority to review each issue of bonds and determine whether the issue is qualified for issuance, if certain requirements are met. Existing law exempts an issuance from the authority's review where certain determinations concerning the issuance are subject to review by a ratepayer advocate, or similar entity, on the relation of the public utility's actions to water or wastewater rates. Existing law authorizes the authority to establish procedures for the expeditious review of a proposed issuance, including the establishment of reasonable application fees to reimburse the authority. This bill would additionally exempt an issuance from the authority's review when the issuance is subject to review by a ratepayer advocate, or similar entity, on the relation of the public utility's actions to electric rates. The bill would authorize the authority to charge additional, nonrefundable fees, as specified, incurred in retaining an independent financial advisor to review the application under circumstances involving the verification of all stated requirements.
Ordered to third reading.
From Consent Calendar.
Read second time. Ordered to Consent Calendar.
From committee: Be ordered to second reading file pursuant to Senate Rule 28.8 and ordered to Consent Calendar.
From committee: Do pass and re-refer to Com. on APPR with recommendation: To Consent Calendar. (Ayes 5. Noes 0.) (June 15). Re-referred to Com. on APPR.
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on GOV. & F.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 62. Noes 0. Page 4918.)
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 13. Noes 0.) (May 18).
From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (April 27). Re-referred to Com. on APPR.
From committee chair, with author's amendments: Amend, and re-refer to Com. on L. GOV. Read second time and amended.
From printer. May be heard in committee March 5.
Read first time. To print.
|Bill Text Versions||Format|
|02/02/22 - Introduced|
|04/18/22 - Amended Assembly|
|06/09/22 - Amended Senate|
|04/26/22- Assembly Local Government|
|05/16/22- Assembly Appropriations|
|05/20/22- ASSEMBLY FLOOR ANALYSIS|
|06/13/22- Senate Governance and Finance|
|06/29/22- Sen. Floor Analyses|
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