(1) Existing law authorizes the California Debt Limit Allocation Committee to require any issuer making an application to the committee or the California Tax Credit Allocation Committee for allocation of a portion of the state ceiling, as defined, to make a deposit of up to 1% of the portion requested. If an allocation is given, the committee is required to keep the deposit, in proportion to the amount of allocation given, until bonds are issued. If bonds are not issued prior to the expiration of the allocation, the committee is required to keep the deposit, unless the committee determines there is good cause to return all or part of the deposit.
California SB 562 (20112012) — Housing omnibus bill.
(1) Existing law authorizes the California Debt Limit Allocation Committee to require any issuer making an application to the committee or the California Tax Credit Allocation Committee for allocation of a portion of the state ceiling, as defined, to make a deposit of up to 1% of the portion requested. If an allocation is given, the committee is required to keep the deposit, in proportion to the amount of allocation given, until bonds are issued. If bonds are not issued prior to the expiration of the allocation, the committee is required to keep the deposit, unless the committee determines there is good cause to return all or part of the deposit.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Consent Calendar 2nd SB562 Committee on T. & H. — 40–0 (pass) · upper
Unfinished Business SB562 Committee on T. & H. (DeSaulnier) Concurrence — 37–0 (pass) · upper
Do pass and re-refer to Committee on Appropriations with recommendation: To Consent Calendar. — 7–0 (pass) · lower
Do pass, but re-refer to the Committee on Appropriations Recommend Consent. — 9–0 (pass) · upper
Do pass, to Consent Calendar. — 15–0 (pass) · lower
SB 562 T. & H. Consent Calendar Second Day — 74–0 (pass) · lower
Sponsors
Committee on Transportation and Housing — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2011-02-17 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
2011-02-18 From printer. May be acted upon on or after March 20.
2011-03-03 Referred to Com. on T. & H. referral-committee
2011-03-09 Set for hearing April 12.
2011-03-29 From committee with author's amendments. Read second time and amended. Re-referred to Com. on T. & H. reading-2, reading-1, committee-passage, amendment-passage, referral-committee
2011-04-13 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 9. Noes 0. Page 643.) (April 12). Re-referred to Com. on APPR. referral-committee, committee-passage, committee-passage-favorable
2011-04-14 Set for hearing May 2.
2011-05-03 From committee: Be placed on second reading file pursuant to Senate Rule 28.8 and ordered to consent calendar. committee-passage
2011-05-04 Read second time. Ordered to consent calendar. reading-2, reading-1
2011-05-09 Read third time. Passed. (Ayes 40. Noes 0. Page 905.) Ordered to the Assembly. reading-3, reading-1, passage
2011-05-09 In Assembly. Read first time. Held at Desk. reading-1
2011-05-19 Referred to Com. on H. & C.D. referral-committee
2011-06-13 From committee with author's amendments. Read second time and amended. Re-referred to Com. on H. & C.D. reading-2, reading-1, committee-passage, amendment-passage, referral-committee
2011-06-20 From committee with author's amendments. Read second time and amended. Re-referred to Com. on H. & C.D. reading-2, reading-1, committee-passage, amendment-passage, referral-committee
2011-06-29 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 7. Noes 0.) (June 29). Re-referred to Com. on APPR. referral-committee, committee-passage, committee-passage-favorable
2011-07-13 From committee: Do pass. Ordered to consent calendar. (Ayes 15. Noes 0.) (July 13). committee-passage, committee-passage-favorable
2011-07-14 Read second time. Ordered to consent calendar. reading-2, reading-1
2011-08-18 Read third time. Passed. (Ayes 74. Noes 0. Page 2455.) Ordered to the Senate. reading-3, reading-1, passage
2011-08-18 In Senate. Concurrence in Assembly amendments pending.
2011-08-22 Assembly amendments concurred in. (Ayes 37. Noes 0. Page 2003.) Ordered to engrossing and enrolling. committee-passage-favorable, amendment-passage
2011-08-25 Enrolled and presented to the Governor at 4 p.m.
2011-09-06 Approved by the Governor. executive-signature
2011-09-06 Chaptered by Secretary of State. Chapter 239, Statutes of 2011.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/eec598e6-53b2-40d6-84e1-2f3a2683cc82. Confidence: reported (aggregated from official California legislature records).