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Key Votes

ABX4 15 - Fiscal Year 2010 Budget Revisions: Implementing Prop 1A Suspension - Key Vote

California Key Votes

Mike Davis voted Yea (Concurrence Vote) on this Legislation.

Read statements Mike Davis made in this general time period.

Stages

Family

Issues

Stage Details

Legislation - Signed (Executive) -

Title: Fiscal Year 2010 Budget Revisions: Implementing Prop 1A Suspension

Legislation - Concurrence Vote Passed (House) (59-14) - (Key vote)

Title: Fiscal Year 2010 Budget Revisions: Implementing Prop 1A Suspension

Vote Smart's Synopsis:

Vote to pass a bill that revises the Budget Act of 2009 and makes appropriations relating to property tax revenue.

Highlights:
-Defines "Proposition 1A receivable" as the right to payment of moneys due or to become due to a local agency (Sec. 2). -Requires a joint powers authority to purchase Proposition 1A receivables from any agency that wishes to sell theirs in return for bonds, provided the combined value of all bonds issued does not exceed $2.25 billion (Sec. 3). -Provides that an agency that would suffer "extreme hardship" as a result of a reduction in property tax revenue may submit a written request to the Director of Finance for this reduction to be lessened (Sec. 10). -Provides that an agency that has not been fully reimbursed by June 30, 2013, for the reductions in revenue mandated by this act may initiate legal action to compel payment of the money it is owed (Sec. 10). -Allows that if the Commission on State Mandates determines that this act contains costs mandated by the state, reimbursement of local agencies and school districts for those costs shall be made (Sec. 12).
Note:

NOTE: A BILL WITH AN URGENCY CLAUSE REQUIRES A TWO-THIRDS VOTE OF EACH CHAMBER OF THE LEGISLATURE FOR THE CLAUSE TO PASS. IF PASSED, THE BILL GOES INTO EFFECT IMMEDIATELY UPON ENACTMENT.

Legislation - Bill Passed With Amendment (Senate) (28-9) - (Key vote)

Title: Fiscal Year 2010 Budget Revisions: Implementing Prop 1A Suspension

Vote Smart's Synopsis:

Vote to pass a bill that revises the Budget Act of 2009 and makes appropriations relating to property tax revenue.

Highlights:
-Defines "Proposition 1A receivable" as the right to payment of moneys due or to become due to a local agency (Sec. 2). -Requires a joint powers authority to purchase Proposition 1A receivables from any agency that wishes to sell theirs in return for bonds, provided the combined value of all bonds issued does not exceed $2.25 billion (Sec. 3). -Provides that an agency that would suffer "extreme hardship" as a result of a reduction in property tax revenue may submit a written request to the Director of Finance for this reduction to be lessened (Sec. 10). -Provides that an agency that has not been fully reimbursed by June 30, 2013, for the reductions in revenue mandated by this act may initiate legal action to compel payment of the money it is owed (Sec. 10). -Allows that if the Commission on State Mandates determines that this act contains costs mandated by the state, reimbursement of local agencies and school districts for those costs shall be made (Sec. 12).
Note:

NOTE: A BILL WITH AN URGENCY CLAUSE REQUIRES A TWO-THIRDS VOTE OF EACH CHAMBER OF THE LEGISLATURE FOR THE CLAUSE TO PASS. IF PASSED, THE BILL GOES INTO EFFECT IMMEDIATELY UPON ENACTMENT.

Legislation - Introduced (House) -

Title: Fiscal Year 2010 Budget Revisions: Implementing Prop 1A Suspension

Sponsors

  • Ted Gaines (CA - R) (Out Of Office)

Co-sponsors

  • Anna M. Caballero (CA - D) (Out Of Office)
  • Martin Garrick (CA - R) (Out Of Office)
  • Norma J. Torres (CA - D) (Out Of Office)
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