Local government: bonds.
Summary
Existing law prohibits an investment firm, as defined, from having specified interests in a new issuance of bonds from a local agency. This bill would prohibit a local agency from entering into a financial advisory, legal advisory, underwriting, or similar relationship with an individual or firm, with respect to a bond issue that requires voter approval on or after January 1, 2012, if that individual or firm, or an employee, agent, or person related to an employee or agent of the individual or firm, provided or will provide bond campaign services, as defined, to the bond campaign.
Bill status
failed
3 of 5 stages cleared
Introduction
Feb 2011
Committee Review
Jun 2011
Assembly Passage
May 2011
Senate Passage
Governor
Introduced Feb 18, 2011
Last action Jun 22, 2011
Floor votes · Assembly May 19, 2011
How they voted
42–10
Passed · 18 other
Total votes 70
May 19, 2011
D
Democratic44
43% Yea
R
Republican26
88% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
11
Key actions
3
Committee
4
Jun 2, 2011
Committee
Referred to Com. on GOV. & F.
upper
May 19, 2011
Assembly · Passed
Assembly Vote: pass (42-10-18)
assembly
May 12, 2011
Lower · Passed
From committee: Do pass. (Ayes 5. Noes 3.) (May 11).
lower
Mar 14, 2011
Committee
Referred to Com. on L. GOV.
lower
Feb 20, 2011
Lower · Passed
From printer. May be heard in committee March 22.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
CN
Chris Norby
RRepublican
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