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AB 1408 California Assembly · 2011-2012 Regular Session

General obligation bonds.

Summary
The State General Obligation Bond Law generally provides for a procedure that may be adopted by other acts, with any necessary modifications, to authorize the issuance and sale of state general obligation bonds, including general obligation bonds to be issued as zero coupon or capital appreciation bonds, and to provide for the repayment of those bonds. Existing law requires, with regard to a resolution determining that the sale of all or part of the bonds is necessary or desirable, a specification that the denomination of the bonds to be sold shall be $1,000 or multiples of that sum. This bill would instead require a specification that the denomination of the bonds to be sold shall be $25 or multiples of that sum.
Bill status signed all 5 stages cleared
Introduction
Mar 2011
Committee Review
Aug 2011
Assembly Passage
May 2011
Senate Passage
Aug 2011
Signed into Law
Sep 2011
Introduced Mar 9, 2011 Signed Sep 7, 2011
Floor votes · Senate Aug 22, 2011 · Assembly May 23, 2011

How they voted

22–6
Passed · 3 other
Total votes 31
Aug 22, 2011
D Democratic20
18 Yea 2
90% Yea
R Republican11
4 Yea 6 Nay 1
54% Nay
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
21
Key actions
8
Committee
8
Amendments
1
Sep 7, 2011
Signed into law
Approved by the Governor.
legislature
Aug 22, 2011
Senate · Passed
Senate Vote: pass (22-6-3)
senate
Aug 22, 2011
Lower · Passed
In Assembly. Ordered to Engrossing and Enrolling.
lower
Aug 15, 2011
Upper · Passed
From committee: Be placed on second reading file pursuant to Senate Rule 28.8.
upper
Jun 29, 2011
Committee
From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 3.) (June 29). Re-referred to Com. on APPR.
upper
Jun 2, 2011
Committee
Referred to Com. on GOV. & F.
upper
May 23, 2011
Assembly · Passed
Assembly Vote: pass (49-18-3)
assembly
May 12, 2011
Lower · Passed
From committee: Do pass. (Ayes 12. Noes 4.) (May 11).
lower
May 3, 2011
Committee
Re-referred to Com. on APPR.
lower
Apr 28, 2011
Lower · Passed
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 1.) (April 25).
lower
Mar 21, 2011
Committee
Referred to Com. on B. & F.
lower
Mar 10, 2011
Lower · Passed
From printer. May be heard in committee April 9.
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.