Marks-Roos Local Bond Pooling Act of 1985: electric utilities: rate reduction bonds.
Existing law, the Marks-Roos Local Bond Pooling Act of 1985, 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 or wastewater service to not less than 25,000 retail customers, to issue rate reduction bonds to finance utility projects, as defined, subject to certain requirements. Under the act, 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.
us/states/ca
California Legislature
20212022
AB 758
California AB 758 (20212022)
bill
Marks-Roos Local Bond Pooling Act of 1985: electric utilities: rate reduction bonds.
California AB 758 (20212022) — Marks-Roos Local Bond Pooling Act of 1985: electric utilities: rate reduction bonds.
Existing law, the Marks-Roos Local Bond Pooling Act of 1985, 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 or wastewater service to not less than 25,000 retail customers, to issue rate reduction bonds to finance utility projects, as defined, subject to certain requirements. Under the act, 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.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
AB 758 Nazarian Concurrence in Senate Amendments — 77–0 (pass) · lower
Do pass as amended and be re-referred to the Committee on [Appropriations] — 7–0 (pass) · lower
3rd Reading AB758 Nazarian et al. By Hertzberg — 39–0 (pass) · upper
AB 758 Nazarian Consent Calendar Second Day — 75–0 (pass) · lower
Do pass. To Consent Calendar. — 15–0 (pass) · lower
Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations] — 13–0 (pass) · upper
Do pass, but first be re-referred to the Committee on [Energy, Utilities and Communications] — 5–0 (pass) · upper
Sponsors
Nazarian — primary (person)
Hertzberg — coauthor (person)
Timeline
The legislative action history — every referral, reading, and vote.
2021-02-16 Read first time. To print. reading-1
2021-02-17 From printer. May be heard in committee March 19.
2021-03-11 Referred to Com. on L. GOV. referral-committee
2021-03-11 From committee chair, with author's amendments: Amend, and re-refer to Com. on L. GOV. Read second time and amended. amendment-introduction, amendment-passage, reading-1, reading-2
2021-03-15 Re-referred to Com. on L. GOV. referral-committee
2021-04-19 From committee chair, with author's amendments: Amend, and re-refer to Com. on L. GOV. Read second time and amended. amendment-introduction, amendment-passage, reading-1, reading-2
2021-04-20 Re-referred to Com. on L. GOV. referral-committee
2021-04-29 From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (April 28). amendment-introduction, amendment-passage, committee-passage, referral-committee
2021-05-03 Read second time and amended. amendment-passage, reading-1, reading-2
2021-05-04 Re-referred to Com. on APPR. referral-committee
2021-05-19 From committee: Do pass. To Consent Calendar. (Ayes 15. Noes 0.) (May 19). committee-passage, committee-passage-favorable
2021-05-20 Read second time. Ordered to Consent Calendar. reading-1, reading-2
2021-05-27 Read third time. Passed. Ordered to the Senate. (Ayes 75. Noes 0. Page 1655.) passage, reading-1, reading-3
2021-05-28 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2021-06-09 Referred to Coms. on GOV. & F. and E., U. & C. referral-committee
2021-06-24 From committee: Do pass and re-refer to Com. on E., U. & C. (Ayes 5. Noes 0.) (June 24). Re-referred to Com. on E., U. & C. committee-passage, committee-passage-favorable, referral-committee
2021-07-15 From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 13. Noes 0.) (July 12). amendment-introduction, amendment-passage, committee-passage, referral-committee
2021-07-15 Read second time and amended. Re-referred to Com. on APPR. amendment-passage, reading-1, reading-2, referral-committee
2021-08-16 From committee: Be ordered to second reading pursuant to Senate Rule 28.8. committee-passage, reading-2
2021-08-17 Read second time. Ordered to third reading. reading-1, reading-2
2021-08-17 Read third time and amended. Ordered to second reading. amendment-passage, reading-1, reading-3
2021-08-18 Read second time. Ordered to third reading. reading-1, reading-2
2021-08-30 Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 2225.). passage, reading-1, reading-3
2021-08-31 In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 2 pursuant to Assembly Rule 77.