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AB-2617 Local government registration of bonds.(2023-2024)



Current Version: 02/14/24 - Introduced

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AB2617:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2023–2024 REGULAR SESSION

Assembly Bill
No. 2617

Introduced by Assembly Member Juan Carrillo

February 14, 2024

An act to amend Section 50633 of the Government Code, relating to local government.


LEGISLATIVE COUNSEL'S DIGEST


AB 2617, as introduced, Juan Carrillo. Local government registration of bonds.
Existing law requires the treasurer of a local agency having the duty of paying the interest on an issue of ad valorem special assessment district improvement bonds, upon the direction of the legislative body, to keep a register. Existing law requires that upon presentation of an interest coupon of the bond that the treasurer enter in the register the name and address of the owner or holder of the interest coupon and the number and amount of the bond.
This bill would make nonsubstantive changes to those provisions.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

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


SECTION 1.

 Section 50633 of the Government Code is amended to read:

50633.
 Upon the direction of the legislative body, the treasurer, having the duty of paying the interest on an issue of ad valorem special assessment district improvement bonds, shall keep a register. Upon presentation of an interest coupon of such bond, he the bond, the treasurer shall enter in the register the name and address of the owner or holder and the number and amount of the bond.