AB 422 California Assembly · 2015-2016 Regular Session

Sacramento Regional Transit District: line of credit.

Summary

Existing law provides for the creation of the Sacramento Regional Transit District, with specified powers and duties relative to the provision of public transit services. Existing law authorizes the district to engage in temporary borrowing, as specified. This bill would authorize the district to seek and obtain a short-term revolving line of credit for operating purposes in anticipation of receipt of federal operating grants, with the extension of credit to the district evidenced by a note, in addition to and as an alternative to temporary borrowing, as specified. The bill would authorize the district to pledge anticipated federal grants and other available funds as security for repayment of the note and would prescribe other terms.

Bill status signed all 5 stages cleared

Introduction

Feb 2015

Committee Review

Aug 2015

Assembly Passage

May 2015

Senate Passage

Aug 2015

Signed into Law

Sep 2015

Introduced Feb 19, 2015 Signed Sep 28, 2015

Floor votes · Senate Aug 24, 2015 · Assembly May 7, 2015

How they voted

29–4

Passed

Total votes 33

Aug 24, 2015

D Democratic23

23 Yea

100% Yea

R Republican10

6 Yea 4 Nay

60% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Sep 28, 2015

Signed into law

Approved by the Governor.

legislature

Aug 27, 2015

Lower · Passed

Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 58. Noes 20. Page 2607.).

lower

Aug 25, 2015

Introduced

In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 27 pursuant to Assembly Rule 77.

lower

Aug 24, 2015

Senate · Passed

Senate Vote: pass (29-4)

senate

Jul 16, 2015

Upper · Passed

Read second time and amended. Ordered to third reading.

upper

Jul 15, 2015

Introduced

From committee: Amend, and do pass as amended. (Ayes 11. Noes 0.) (July 14).

upper

Jun 10, 2015

Upper · Passed

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

upper

May 21, 2015

Committee

Referred to Com. on T. & H.

upper

May 7, 2015

Assembly · Passed

Assembly Vote: pass (49-18-5)

assembly

Apr 20, 2015

Lower · Passed

Read second time and amended. Ordered returned to second reading.

lower

Apr 16, 2015

Introduced

From committee: Amend, and do pass as amended. (Ayes 7. Noes 0.) (April 15).

lower

Apr 8, 2015

Committee

Re-referred to Com. on L. GOV.

lower

Mar 24, 2015

Committee

From committee: Do pass and re-refer to Com. on L. GOV. (Ayes 13. Noes 3.) (March 23). Re-referred to Com. on L. GOV.

lower

Mar 18, 2015

Committee

Re-referred to Com. on TRANS.

lower

Mar 2, 2015

Committee

Referred to Coms. on TRANS. and L. GOV.

lower

Feb 20, 2015

Lower · Passed

From printer. May be heard in committee March 22.

lower

1 primary · 0 co-sponsors