School bonds: capital appreciation bonds.
Summary
Existing law authorizes the governing board of a school district or community college district to, when in its judgment it is advisable, order an election and submit to the electors of the district the question whether the bonds of the district shall be issued and sold for the purpose of raising money for specified purposes. This bill would state the intent of the Legislature to enact legislation that prohibits a school district from issuing capital appreciation bonds.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2013
Committee Review
Floor Vote
Governor
Introduced Feb 22, 2013
Last action Feb 3, 2014
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
0
Committee
1
Mar 11, 2013
Committee
Referred to Com. on RLS.
upper
Feb 22, 2013
Introduced
Introduced. To Com. on RLS. for assignment. To print.
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Joel Anderson
RRepublican
Ask Maddy
·
AI policy assistant
Ask Maddy about SB 685
Scope: CA
Hi! I can help you understand SB 685. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline