AB2107:v97#DOCUMENTBill Start
Assembly Bill
No. 2107
CHAPTER 213
An act to amend Section 53839 of the Government Code, relating to local government.
[
Approved by
Governor
September 28, 2020.
Filed with
Secretary of State
September 28, 2020.
]
LEGISLATIVE COUNSEL'S DIGEST
AB 2107, Rodriguez.
Local government: securitized limited obligation notes.
Existing law, until December 31, 2019, authorizes a special district to issue, as specified, securitized limited obligation notes for the acquisition or improvement of land, facilities, or equipment.
This bill would extend that authorization to December 31, 2024.
Digest Key
Vote:
MAJORITY
Appropriation:
NO
Fiscal Committee:
NO
Local Program:
NO
Bill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 53839 of the Government Code is amended to read:53839.
A special district shall not issue any securitized limited obligation notes after December 31, 2024, unless a later enacted statute that is enacted before December 31, 2024, deletes or extends that date.