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AB-2107 Local government: securitized limited obligation notes.(2019-2020)

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Date Published: 02/06/2020 09:00 PM
AB2107:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2019–2020 REGULAR SESSION

Assembly Bill
No. 2107


Introduced by Assembly Members Rodriguez and Gray

February 06, 2020


An act to amend Section 53839 of the Government Code, relating to local government.


LEGISLATIVE COUNSEL'S DIGEST


AB 2107, as introduced, 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.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

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, 2019, 2024, unless a later enacted statute that is enacted before December 31, 2019, 2024, deletes or extends that date.