Fabio
87 lines
6.3 KiB
Markdown
87 lines
6.3 KiB
Markdown
---
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type: "Bill"
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title: "School bonds: local school bonds: investment."
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description: "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."
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jurisdiction: "us/states/ca"
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legislature: "California Legislature"
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session: "20152016"
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identifier: "AB 2738"
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citation: "California AB 2738 (20152016)"
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classification: ["bill"]
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subjects: ["School bonds: local school bonds: investment."]
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status: "enacted"
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primary_sponsors: ["Olsen"]
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version_count: 6
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action_count: 19
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vote_count: 4
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first_action: "2016-02-19"
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last_action: "2016-09-22"
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source: "openstates"
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source_identifier: "ocd-bill/e43d7e77-2bd5-44ad-acb5-5a30dbfb38a7"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201520160AB2738"
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source_hash: "1258a455eee940462ce9c7c3ea1b65b8db8604360e24307272f7e3bbb83e760f"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ca"]
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---
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# California AB 2738 (20152016) — School bonds: local school bonds: investment.
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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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **02/19/16 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB2738&version=20150AB273899INT)
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2. **03/28/16 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB2738&version=20150AB273898AMD)
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3. **04/13/16 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB2738&version=20150AB273897AMD)
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4. **09/22/16 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB2738&version=20150AB273895CHP)
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5. **AB2738** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201520160AB2738)
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6. **08/17/16 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB2738&version=20150AB273896ENR)
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## Votes
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- 3rd Reading AB2738 Olsen By Pan — **37–0** (pass) · upper
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- Do pass — **9–0** (pass) · upper
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- AB 2738 OLSEN Assembly Third Reading — **74–2** (pass) · lower
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- Do pass as amended. — **7–0** (pass) · lower
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## Sponsors
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- Olsen — primary (person)
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- Bates — coauthor (person)
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- Huff — coauthor (person)
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- Moorlach — coauthor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2016-02-19** Introduced. To print. `introduction`
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- **2016-02-21** From printer. May be heard in committee March 22.
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- **2016-02-22** Read first time. `reading-1`
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- **2016-03-10** Referred to Coms. on ED. and L. GOV. `referral-committee`
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- **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`
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- **2016-03-29** Re-referred to Com. on ED. `referral-committee`
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- **2016-04-12** From committee: Amend, and do pass as amended. (Ayes 7. Noes 0.) (April 6). `amendment-introduction, committee-passage, amendment-passage`
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- **2016-04-13** Read second time and amended. Ordered returned to second reading. `amendment-passage, reading-2, reading-1`
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- **2016-04-14** Read second time. Ordered to third reading. `reading-2, reading-1`
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- **2016-04-21** Read third time. Passed. Ordered to the Senate. (Ayes 74. Noes 2. Page 4460.) `reading-3, passage, reading-1`
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- **2016-04-21** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
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- **2016-05-05** Referred to Com. on ED. `referral-committee`
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- **2016-06-08** From committee: Do pass. (Ayes 9. Noes 0.) (June 8). `committee-passage-favorable, committee-passage`
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- **2016-06-09** Read second time. Ordered to third reading. `reading-2, reading-1`
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- **2016-08-15** Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 4948.). `reading-3, passage, reading-1`
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- **2016-08-16** In Assembly. Ordered to Engrossing and Enrolling. `committee-passage`
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- **2016-08-22** Enrolled and presented to the Governor at 4 p.m.
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- **2016-09-22** Approved by the Governor. `executive-signature`
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- **2016-09-22** Chaptered by Secretary of State - Chapter 472, Statutes of 2016.
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/e43d7e77-2bd5-44ad-acb5-5a30dbfb38a7`. Confidence: reported (aggregated from official California legislature records).
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