Compare Versions


PDF |Add To My Favorites | print page

AB-2356 Financing for adult local criminal justice facilities.(2013-2014)



Current Version: 02/21/14 - Introduced         Compare Versions information image


AB2356:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2013–2014 REGULAR SESSION

Assembly Bill
No. 2356


Introduced by Assembly Member Gorell

February 21, 2014


An act to amend Section 15820.922 of the Government Code, relating to criminal justice facilities, and making an appropriation therefor.


LEGISLATIVE COUNSEL'S DIGEST


AB 2356, as introduced, Gorell. Financing for adult local criminal justice facilities.
Existing law authorizes the Board of State and Community Corrections, the State Public Works Board, and a participating county, as defined, to acquire, design, and construct an adult local criminal justice facility approved by the Board of State and Community Corrections, or to acquire a site or sites owned by, or subject to a lease option to purchase held by, a participating county. Existing law authorizes the State Public Works Board to issue up to $500,000,000 in revenue bonds, notes, or bond anticipation notes to finance the acquisition, design, and construction of approved adult local criminal justice facilities. The funds derived from those revenue bonds, notes, or bond anticipation notes are continuously appropriated for those purposes.
This bill would increase the authorization for revenue bonds, notes, or bond anticipation notes from $500,000,000 to $1,200,000,000. By increasing moneys deposited into a continuously appropriated fund, this bill would make an appropriation.
Vote: MAJORITY   Appropriation: YES   Fiscal Committee: YES   Local Program: NO  

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


SECTION 1.

 Section 15820.922 of the Government Code is amended to read:

15820.922.
 (a) The board may issue up to five hundred million dollars ($500,000,000) one billion two hundred million dollars ($1,200,000,000) in revenue bonds, notes, or bond anticipation notes, pursuant to Chapter 5 (commencing with Section 15830) to finance the acquisition, design, and construction, including, without limitation, renovation, and a reasonable construction reserve, of approved adult local criminal justice facilities described in Section 15820.92, and any additional amount authorized under Section 15849.6 to pay for the cost of financing.
(b) Proceeds from the revenue bonds, notes, or bond anticipation notes may be used to reimburse a participating county for the costs of acquisition, design, and construction, including, without limitation, renovation, for approved adult local criminal justice facilities.
(c) Notwithstanding Section 13340, funds derived pursuant to this section and Section 15820.921 are continuously appropriated for purposes of this chapter.