republic-os/legislation/us/states/ca/20172018/ab-1547.md

---
type: "Bill"
title: "State finance: financing authorities."
description: "(1) Existing law, the California Industrial Development Financing Act, authorizes cities, counties, cities and counties, and redevelopment agencies to establish industrial development authorities that are authorized to issue industrial development bonds, the proceeds of which may be used to fund capital projects of private enterprise under terms and conditions specified in the act. The act authorizes an authority to issue tax-exempt bonds, and defines \"tax-exempt\" for these purposes to mean that the interest on the bonds is excluded from gross income of the holders thereof for federal income tax purposes. The act establishes the California Industrial Development Financing Advisory Commission, and requires the commission to approve the issuance of industrial development bonds pursuant to these provisions. The act also authorizes the commission to carry out other specified powers related to the issuance of industrial development bonds, including authorizing the commission to act as a bond pooling agent and requires fees to be charged to cover the costs of the commission in carrying out these provisions. Existing law requires these fees to be deposited in the Industrial Development Fund, which is available, upon appropriation, to the commission for expenses."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20172018"
identifier: "AB 1547"
citation: "California AB 1547 (20172018)"
classification: ["bill", "appropriation"]
subjects: ["State finance: financing authorities."]
status: "enacted"
primary_sponsors: ["Quirk-Silva"]
version_count: 10
action_count: 31
vote_count: 11
first_action: "2017-02-17"
last_action: "2018-09-21"
source: "openstates"
source_identifier: "ocd-bill/19087d73-f638-41b2-b64a-319727e4e879"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180AB1547"
source_hash: "97b9114a957b8c56a073cd3e1815a7b397b68584354afb1626df70978d84e3bf"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ca"]
---

# California AB 1547 (20172018) — State finance: financing authorities.

(1) Existing law, the California Industrial Development Financing Act, authorizes cities, counties, cities and counties, and redevelopment agencies to establish industrial development authorities that are authorized to issue industrial development bonds, the proceeds of which may be used to fund capital projects of private enterprise under terms and conditions specified in the act. The act authorizes an authority to issue tax-exempt bonds, and defines "tax-exempt" for these purposes to mean that the interest on the bonds is excluded from gross income of the holders thereof for federal income tax purposes. The act establishes the California Industrial Development Financing Advisory Commission, and requires the commission to approve the issuance of industrial development bonds pursuant to these provisions. The act also authorizes the commission to carry out other specified powers related to the issuance of industrial development bonds, including authorizing the commission to act as a bond pooling agent and requires fees to be charged to cover the costs of the commission in carrying out these provisions. Existing law requires these fees to be deposited in the Industrial Development Fund, which is available, upon appropriation, to the commission for expenses.

## Version chain

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

1. **02/17/17 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB1547&version=20170AB154799INT)
2. **01/03/18 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB1547&version=20170AB154798AMD)
3. **01/11/18 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB1547&version=20170AB154797AMD)
4. **05/01/18 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB1547&version=20170AB154796AMD)
5. **06/18/18 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB1547&version=20170AB154795AMD)
6. **08/17/18 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB1547&version=20170AB154794AMD)
7. **08/24/18 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB1547&version=20170AB154793AMD)
8. **09/21/18 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB1547&version=20170AB154791CHP)
9. **AB1547** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180AB1547)
10. **09/05/18 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB1547&version=20170AB154792ENR)

## Votes

- Do pass, but first be re-referred to the Committee on [Appropriations] — **9–0** (pass) · upper
- Placed on suspense file — **7–0** (pass) · upper
- 3rd Reading AB1547 Quirk-Silva et al. By Roth Reconsider — **38–0** (pass) · upper
- Set, [First] hearing. Referred to suspense file. — **17–0** (pass) · lower
- AB 1547 Quirk-Silva Concurrence - Urgency Added — **79–0** (pass) · lower
- Do pass as amended and be re-referred to the Committee on [Appropriations] — **6–0** (pass) · lower
- 3rd Reading AB1547 Quirk-Silva et al. By Roth Urgency Clause — **38–0** (pass) · upper
- Do pass as amended — **7–0** (pass) · upper
- 3rd Reading AB1547 Quirk-Silva et al. By Roth Urgency Clause — **26–1** (fail) · upper
- AB 1547 QUIRK-SILVA Assembly Third Reading — **77–0** (pass) · lower
- Do pass. — **17–0** (pass) · lower

## Sponsors

- Quirk-Silva — primary (person)
- Berman — principal coauthor (person)
- Cervantes — principal coauthor (person)
- Rodriguez — principal coauthor (person)

## Timeline

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

- **2017-02-17** Read first time. To print. `reading-1`
- **2017-02-19** From printer. May be heard in committee March 21.
- **2017-03-16** Referred to Com. on J., E.D., & E. `referral-committee`
- **2018-01-03** From committee chair, with author's amendments: Amend, and re-refer to Com. on J., E.D., & E. Read second time and amended. `amendment-introduction, amendment-passage, reading-2, reading-1`
- **2018-01-04** Re-referred to Com. on J., E.D., & E. `referral-committee`
- **2018-01-10** From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (January 9). `amendment-passage, committee-passage, amendment-introduction`
- **2018-01-11** Read second time and amended. `reading-1, amendment-passage, reading-2`
- **2018-01-12** Re-referred to Com. on APPR. `referral-committee`
- **2018-01-18** In committee: Set, first hearing. Referred to APPR. suspense file. `referral-committee`
- **2018-01-18** From committee: Do pass. (Ayes 17. Noes 0.) (January 18). `committee-passage-favorable, committee-passage`
- **2018-01-22** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2018-01-29** Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 3860.) `reading-3, passage, reading-1`
- **2018-01-29** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
- **2018-04-19** Referred to Com. on B., P. & E.D. `referral-committee`
- **2018-05-01** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B., P. & E.D. `amendment-passage, referral-committee, reading-2, reading-1, amendment-introduction`
- **2018-06-18** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B., P. & E.D. `amendment-passage, referral-committee, reading-2, reading-1, amendment-introduction`
- **2018-06-26** From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (June 25). Re-referred to Com. on APPR. `committee-passage-favorable, committee-passage, referral-committee`
- **2018-08-06** In committee: Referred to APPR. suspense file. `referral-committee`
- **2018-08-17** From committee: Amend, and do pass as amended. (Ayes 7. Noes 0.) (August 16). `amendment-passage, committee-passage, amendment-introduction`
- **2018-08-17** Read second time and amended. Ordered returned to second reading. `reading-1, amendment-passage, reading-2`
- **2018-08-20** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2018-08-24** Read third time and amended. Ordered to second reading. `amendment-passage, reading-3, reading-1`
- **2018-08-27** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2018-08-29** Read third time. Urgency clause refused adoption. (Ayes 26. Noes 1. Page 6004.) `reading-3, reading-1`
- **2018-08-29** Reconsideration granted. (Ayes 38. Noes 0. Page 6005.)
- **2018-08-31** Read third time. Urgency clause adopted. Passed. Ordered to the Assembly. (Ayes 38. Noes 0. Page 6079.). `reading-3, passage, reading-1`
- **2018-08-31** In Assembly. Concurrence in Senate amendments pending.
- **2018-08-31** Urgency clause adopted. Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 79. Noes 0.). `committee-passage-favorable, amendment-passage`
- **2018-09-11** Enrolled and presented to the Governor at 4:30 p.m.
- **2018-09-21** Approved by the Governor. `executive-signature`
- **2018-09-21** Chaptered by Secretary of State - Chapter 645, Statutes of 2018.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/19087d73-f638-41b2-b64a-319727e4e879`. Confidence: reported (aggregated from official California legislature records).