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AB-411 Redevelopment: City of Santa Cruz: bond proceeds: affordable housing.(2019-2020)

Senate:
1st
Cmt
2nd
3rd
2nd
3rd
Pass
Assembly:
1st
Cmt
2nd
3rd
Pass
Pass
Veto
Bill Status
AB-411
Mark Stone (A)
-
-
Redevelopment: City of Santa Cruz: bond proceeds: affordable housing.
03/10/19
An act to amend Section 34191.4 of the Health and Safety Code, relating to redevelopment.
Assembly
09/17/19
09/04/19

Type of Measure
Inactive Bill - Vetoed
Majority Vote Required
Non-Appropriation
Fiscal Committee
Non-State-Mandated Local Program
Non-Urgency
Non-Tax levy
Last 5 History Actions
Date Action
10/13/19 Vetoed by Governor.
09/24/19 Enrolled and presented to the Governor at 3:30 p.m.
09/12/19 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 72. Noes 0. Page 3503.).
09/11/19 In Assembly. Concurrence in Senate amendments pending.
09/11/19 Read third time. Passed. Ordered to the Assembly. (Ayes 30. Noes 9. Page 2805.).
Governor's Veto Message
To the Members of the California State Assembly:

I am returning the following bills without my signature:
 
AB 411
SB 532

These bills authorize certain cities' redevelopment successor agencies to spend stranded bond assets on affordable housing rather than repaying and cancelling the bonds as required under current law.

The bills will result in a General Fund cost of millions of dollars.

While I appreciate the intent of the Legislature to increase the production of affordable housing, I do not support the proposed exemptions to redevelopment agency dissolution requirements, which will which will reduce funding available for education.

Sincerely,





Gavin Newsom