(1) Existing law authorizes the Treasurer and the California Transportation Commission to pledge amounts deposited in the State Highway Account from federal transportation funds for the purposes of issuing federal highway grant anticipation notes, commonly known as GARVEE bonds, to fund transportation projects selected by the commission. Existing law requires the commission to prepare an annual analysis of the bonding capacity of those federal transportation funds.
California AB 2906 (20152016) — Transportation: omnibus bill.
(1) Existing law authorizes the Treasurer and the California Transportation Commission to pledge amounts deposited in the State Highway Account from federal transportation funds for the purposes of issuing federal highway grant anticipation notes, commonly known as GARVEE bonds, to fund transportation projects selected by the commission. Existing law requires the commission to prepare an annual analysis of the bonding capacity of those federal transportation funds.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass. To Consent Calendar. — 20–0 (pass) · lower
Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — 15–0 (pass) · lower
Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — 11–0 (pass) · upper
AB 2906 TRANS. Consent Calendar Second Day — 76–0 (pass) · lower
Sponsors
Committee on Transportation — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2016-03-07 Read first time. To print. reading-1
2016-03-08 From printer. May be heard in committee April 7.
2016-03-28 Referred to Com. on TRANS. referral-committee
2016-04-19 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 15. Noes 0.) (April 18). Re-referred to Com. on APPR. referral-committee, committee-passage-favorable, committee-passage
2016-05-11 From committee: Do pass. To Consent Calendar. (Ayes 20. Noes 0.) (May 11). committee-passage-favorable, committee-passage
2016-05-12 Read second time. Ordered to Consent Calendar. reading-2, reading-1
2016-05-19 Read third time. Passed. Ordered to the Senate. (Ayes 76. Noes 0. Page 4872.) reading-3, passage, reading-1
2016-05-19 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2016-05-26 Referred to Com. on T. & H. referral-committee
2016-06-13 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on T. & H. referral-committee, reading-2, amendment-introduction, amendment-passage, reading-1
2016-06-22 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 11. Noes 0.) (June 21). Re-referred to Com. on APPR. referral-committee, committee-passage-favorable, committee-passage
2016-08-01 From committee: Be placed on second reading file pursuant to Senate Rule 28.8 and ordered to consent calendar. committee-passage
2016-08-02 Read second time. Ordered to Consent Calendar. reading-2, reading-1
2016-08-11 Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 4875.). reading-3, passage, reading-1
2016-08-11 In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 14 pursuant to Assembly Rule 77.
2016-08-15 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 0. Page 5818.). committee-passage-favorable, amendment-passage
2016-08-18 Enrolled and presented to the Governor at 3 p.m.
2016-08-26 Approved by the Governor. executive-signature
2016-08-26 Chaptered by Secretary of State - Chapter 208, Statutes of 2016.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/8b21d7ec-2d50-4a09-a62d-0450609a87e6. Confidence: reported (aggregated from official California legislature records).