republic-os/legislation/us/states/ca/20152016/ab-2738.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	School bonds: local school bonds: investment.	The California Constitution limits the maximum amount of any ad valorem tax on real property to 1% of the full cash value of the property. The California Constitution states that the 1% limitation for ad valorem taxes does not apply to ad valorem taxes or special assessments to pay the interest and redemption charges on bonded indebtedness incurred by a school district, community college district, or county office of education for the construction, reconstruction, rehabilitation, or replacement of school facilities approved by 55% of the voters if the proposition includes specified accountability requirements. Existing law requires the proceeds of the sale of the bonds, exclusive of any premium received, to be deposited in the county treasury to the credit of the building fund of the school district, or community college district as designated by the California Community Colleges Budget and Accounting Manual.	us/states/ca	California Legislature	20152016	AB 2738	California AB 2738 (20152016)	bill	School bonds: local school bonds: investment.	enacted	Olsen	6	19	4	2016-02-19	2016-09-22	openstates	ocd-bill/e43d7e77-2bd5-44ad-acb5-5a30dbfb38a7	http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201520160AB2738	1258a455eee940462ce9c7c3ea1b65b8db8604360e24307272f7e3bbb83e760f	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-ca

California AB 2738 (20152016) — School bonds: local school bonds: investment.

The California Constitution limits the maximum amount of any ad valorem tax on real property to 1% of the full cash value of the property. The California Constitution states that the 1% limitation for ad valorem taxes does not apply to ad valorem taxes or special assessments to pay the interest and redemption charges on bonded indebtedness incurred by a school district, community college district, or county office of education for the construction, reconstruction, rehabilitation, or replacement of school facilities approved by 55% of the voters if the proposition includes specified accountability requirements. Existing law requires the proceeds of the sale of the bonds, exclusive of any premium received, to be deposited in the county treasury to the credit of the building fund of the school district, or community college district as designated by the California Community Colleges Budget and Accounting Manual.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. 02/19/16 - Introduced (filed) — source
2. 03/28/16 - Amended Assembly (committee substitute) — source
3. 04/13/16 - Amended Assembly (committee substitute) — source
4. 09/22/16 - Chaptered (committee substitute) — source
5. AB2738 (committee substitute) — source
6. 08/17/16 - Enrolled (enrolled) — source

Votes

• 3rd Reading AB2738 Olsen By Pan — 37–0 (pass) · upper
• Do pass — 9–0 (pass) · upper
• AB 2738 OLSEN Assembly Third Reading — 74–2 (pass) · lower
• Do pass as amended. — 7–0 (pass) · lower

Sponsors

• Olsen — primary (person)
• Bates — coauthor (person)
• Huff — coauthor (person)
• Moorlach — coauthor (person)

Timeline

The legislative action history — every referral, reading, and vote.

• 2016-02-19 Introduced. To print. introduction
• 2016-02-21 From printer. May be heard in committee March 22.
• 2016-02-22 Read first time. reading-1
• 2016-03-10 Referred to Coms. on ED. and L. GOV. referral-committee
• 2016-03-28 From committee chair, with author's amendments: Amend, and re-refer to Com. on ED. Read second time and amended. reading-2, amendment-introduction, amendment-passage, reading-1
• 2016-03-29 Re-referred to Com. on ED. referral-committee
• 2016-04-12 From committee: Amend, and do pass as amended. (Ayes 7. Noes 0.) (April 6). amendment-introduction, committee-passage, amendment-passage
• 2016-04-13 Read second time and amended. Ordered returned to second reading. amendment-passage, reading-2, reading-1
• 2016-04-14 Read second time. Ordered to third reading. reading-2, reading-1
• 2016-04-21 Read third time. Passed. Ordered to the Senate. (Ayes 74. Noes 2. Page 4460.) reading-3, passage, reading-1
• 2016-04-21 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
• 2016-05-05 Referred to Com. on ED. referral-committee
• 2016-06-08 From committee: Do pass. (Ayes 9. Noes 0.) (June 8). committee-passage-favorable, committee-passage
• 2016-06-09 Read second time. Ordered to third reading. reading-2, reading-1
• 2016-08-15 Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 4948.). reading-3, passage, reading-1
• 2016-08-16 In Assembly. Ordered to Engrossing and Enrolling. committee-passage
• 2016-08-22 Enrolled and presented to the Governor at 4 p.m.
• 2016-09-22 Approved by the Governor. executive-signature
• 2016-09-22 Chaptered by Secretary of State - Chapter 472, Statutes of 2016.

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/e43d7e77-2bd5-44ad-acb5-5a30dbfb38a7. Confidence: reported (aggregated from official California legislature records).