Existing law sets forth the duties and authority of the Treasurer generally in the sale of state bonds. Moneys are continuously appropriated from the General Fund in an annual amount necessary to pay all obligations, including principal, interest, fees, costs, indemnities, and all other amounts incurred by the state under or in connection with any credit enhancement or liquidity agreement entered into by the state, as specified, for bonds payable pursuant to an appropriation from the General Fund. Existing law prohibits the amount appropriated for these fees, costs, and other similar expenses from exceeding a percentage of the original principal amount of the bonds that is specified in the federal Internal Revenue Code.
California AB 189 (20092010) — Budget Act of 2009.
Existing law sets forth the duties and authority of the Treasurer generally in the sale of state bonds. Moneys are continuously appropriated from the General Fund in an annual amount necessary to pay all obligations, including principal, interest, fees, costs, indemnities, and all other amounts incurred by the state under or in connection with any credit enhancement or liquidity agreement entered into by the state, as specified, for bonds payable pursuant to an appropriation from the General Fund. Existing law prohibits the amount appropriated for these fees, costs, and other similar expenses from exceeding a percentage of the original principal amount of the bonds that is specified in the federal Internal Revenue Code.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
The legislative action history — every referral, reading, and vote.
2009-02-02 Read first time. To print. reading-1
2009-02-03 From printer. May be heard in committee March 5.
2009-03-31 Referred to Com. on BUDGET. referral-committee
2009-04-27 Withdrawn from committee. Ordered placed on second reading file.
2009-04-29 Read second time. To third reading. reading-2, reading-1
2009-05-04 Read third time, passed, and to Senate. (Ayes 51. Noes 0. Page 1226.) reading-3, passage, reading-1
2009-05-04 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2009-05-14 Referred to Com. on RLS. referral-committee
2009-06-11 Withdrawn from committee. Ordered placed on second reading file.
2009-06-15 Read second time. To third reading. reading-2, reading-1
2009-08-20 To inactive file on motion of Senator Ducheny.
2009-09-03 From inactive file. To second reading.
2009-09-04 Read second time. To third reading. reading-2, reading-1
2009-09-08 Re-referred to Com. on RLS. referral-committee
2009-09-08 Senate Rule 29.3 suspended.
2009-09-08 (Ayes 23. Noes 14. Page 2280.)
2009-09-08 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on RLS. amendment-introduction, reading-2, amendment-passage, referral-committee, reading-1
2009-09-10 Withdrawn from committee. Ordered placed on third reading file.