Tag Archives: CABs

C.A.S.H. Legislative Update – October 2013

October 16, 2013

The Legislature completed its business and went into interim recess on September 13, and the Governor had until midnight on October 13 to sign or veto bills passed by the Legislature.  The Legislature reconvenes on January 6, 2014, to begin the second year of the 2013-14 legislative session.  Below is an update on priority legislation for C.A.S.H.

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Legislative Update: End of Session

September 30, 2013

The Legislature adjourned for interim recess on Friday, September 13, and will re-convene on January 6, 2014.  The Governor now has until October 13 to sign or veto bills passed by the Legislature.  Bills that failed passage have become two-year bills and will have a second chance to proceed in January.  Below is an update on a number of key bills.

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AB 182 (Buchanan) Amended

September 3, 2013 

Significant amendments are in print today (August 30, 2013) for AB 182 (Buchanan) – click here to view.  The bill now maintains the existing Government Code authority to issue Current Interest Bonds (CIBs) with a 40-year maximum term.  Previously, the bill would have sunset this authority on January 1, 2019, at which time CIBs would be limited to a maximum term of 30 years. Continue reading