AB 294 California Assembly · 2013-2014 Regular Session

Local-State Joint Investment Partnership Pilot Program.

Summary

The Bergeson-Peace Infrastructure and Economic Development Bank Act establishes the Infrastructure and Economic Development Bank within the Governor's Office of Business and Economic Development. The bank is authorized to, among other things, issue bonds, approve the issuance of certain bonds, invest moneys, and make loans, as specified. This bill would, until January 1, 2020, establish a pilot program whereby certain local government entities, upon the approval and oversight of the bank, are authorized to reallocate their annual payments of property tax revenue directed to the Educational Revenue Augmentation Fund to instead finance certain kinds of public works that further state policy, as specified. This bill would require each local government entity operating a project under the pilot program and the bank to submit annual reports, as specified, on the results of the pilot program.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2013

Committee Review

Floor Vote

Governor

Introduced Feb 11, 2013 Last action Feb 3, 2014

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 24, 2013

Lower · Passed

In committee: Set, second hearing. Held under submission.

lower

May 15, 2013

Committee

In committee: Set, first hearing. Referred to APPR. suspense file.

lower

May 7, 2013

Committee

Re-referred to Com. on APPR.

lower

May 2, 2013

Lower · Passed

From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (May 1).

lower

Apr 24, 2013

Committee

Re-referred to Com. on L. GOV.

lower

Apr 23, 2013

Introduced

From committee chair, with author's amendments: Amend, and re-refer to Com. on L. GOV. Read second time and amended.

lower

Apr 16, 2013

Lower · Passed

In committee: Set, first hearing. Hearing canceled at the request of author.

lower

Apr 9, 2013

Committee

Re-referred to Com. on L. GOV.

lower

Apr 8, 2013

Introduced

From committee chair, with author's amendments: Amend, and re-refer to Com. on L. GOV. Read second time and amended.

lower

Feb 28, 2013

Committee

Referred to Com. on L. GOV.

lower

Feb 12, 2013

Lower · Passed

From printer. May be heard in committee March 14.

lower

1 primary · 0 co-sponsors