Public capital facilities: public water or wastewater agencies: rate reduction bonds.
Existing law authorizes certain joint powers authorities, upon application by a local agency that owns and operates a publicly owned utility, defined to mean certain utilities furnishing water service to not less than 25,000 customers, to issue rate reduction bonds to finance utility projects, as defined, subject to certain requirements. Under existing law, these rate reduction bonds are secured by a pledge of utility project property, and the joint powers authority issuing the bonds may impose on, and collect from, customers of the publicly owned utility a utility project charge to finance the bonds, as provided. Existing law requires the California Pollution Control Financing Authority, among other things, to review each issuance of rate reduction bonds issued under these provisions and to submit an annual report to the Legislature containing specified information on its activities under these provisions for the preceding year. Existing law, after December 31, 2020, prohibits a joint powers authority from issuing rate reduction bonds under these provisions and no longer requires the California Pollution Control Financing Authority to submit an annual report to the Legislature.
us/states/ca
California Legislature
20192020
AB 305
California AB 305 (20192020)
bill
Public capital facilities: public water or wastewater agencies: rate reduction bonds.
California AB 305 (20192020) — Public capital facilities: public water or wastewater agencies: rate reduction bonds.
Existing law authorizes certain joint powers authorities, upon application by a local agency that owns and operates a publicly owned utility, defined to mean certain utilities furnishing water service to not less than 25,000 customers, to issue rate reduction bonds to finance utility projects, as defined, subject to certain requirements. Under existing law, these rate reduction bonds are secured by a pledge of utility project property, and the joint powers authority issuing the bonds may impose on, and collect from, customers of the publicly owned utility a utility project charge to finance the bonds, as provided. Existing law requires the California Pollution Control Financing Authority, among other things, to review each issuance of rate reduction bonds issued under these provisions and to submit an annual report to the Legislature containing specified information on its activities under these provisions for the preceding year. Existing law, after December 31, 2020, prohibits a joint powers authority from issuing rate reduction bonds under these provisions and no longer requires the California Pollution Control Financing Authority to submit an annual report to the Legislature.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass. To Consent Calendar. — 18–0 (pass) · lower
Sponsors
Nazarian — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2019-01-29 Read first time. To print. reading-1
2019-01-30 From printer. May be heard in committee March 1.
2019-02-11 Referred to Com. on L. GOV. referral-committee
2019-03-12 From committee chair, with author's amendments: Amend, and re-refer to Com. on L. GOV. Read second time and amended. reading-1, reading-2, amendment-passage, amendment-introduction
2019-03-13 Re-referred to Com. on L. GOV. referral-committee
2019-04-11 From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (April 10). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
2019-04-11 From committee chair, with author's amendments: Amend, and re-refer to Com. on APPR. Read second time and amended. reading-1, reading-2, amendment-passage, amendment-introduction
2019-04-22 Re-referred to Com. on APPR. referral-committee
2019-04-24 From committee: Do pass. To Consent Calendar. (Ayes 18. Noes 0.) (April 24). committee-passage-favorable, committee-passage
2019-04-25 Read second time. Ordered to Consent Calendar. reading-1, reading-2
2019-05-02 Read third time. Passed. Ordered to the Senate. (Ayes 76. Noes 0. Page 1474.) passage, reading-3, reading-1
2019-05-02 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2019-05-16 Referred to Com. on GOV. & F. referral-committee
2019-06-20 From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (June 19). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
2019-07-01 From committee: Do pass. (Ayes 7. Noes 0.) (July 1). committee-passage-favorable, committee-passage
2019-07-02 Read second time. Ordered to third reading. reading-1, reading-2
2019-08-22 Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 2241.). passage, reading-3, reading-1
2019-08-22 In Assembly. Ordered to Engrossing and Enrolling. committee-passage
2019-08-27 Enrolled and presented to the Governor at 3:30 p.m.
2019-09-05 Approved by the Governor. executive-signature
2019-09-05 Chaptered by Secretary of State - Chapter 225, Statutes of 2019.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/8324128c-d698-491c-8845-2a3bcff010d3. Confidence: reported (aggregated from official California legislature records).