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AB-1426 Flood control: bonds.(2009-2010)

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AB1426:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2009–2010 REGULAR SESSION

Assembly Bill
No. 1426


Introduced  by  Assembly Member Fuller

February 27, 2009


An act to amend Section 9537 of the Water Code, relating to flood control.


LEGISLATIVE COUNSEL'S DIGEST


AB 1426, as introduced, Fuller. Flood control: bonds.
The Reclamation Board Bond Act authorizes the issuance of bonds of the Sacramento and San Joaquin Drainage District if a majority of the votes cast at the bond election are in favor of the issuance of bonds. Existing law authorizes the board to levy assessments on land in the drainage district to pay the principal and interest on the bonds. If the assessment is not paid by specified dates, the parcel of land that is the subject of the delinquency may be sold not less than 30 days nor more than 90 days from the date of the delinquency.
This bill would extend from 30 to 45 days the time required before a delinquent sale can occur.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Section 9537 of the Water Code is amended to read:

9537.
 The sale shall be held not less than 30 45 days nor more than 90 days from the date of delinquency.