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CA AB2663
Bill
Status
9/29/2010
Primary Sponsor
Bonnie Lowenthal
Click for details
AI Summary
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Establishes Article 7.1 in the Government Code to address fiscal impacts on cities observing the federal fiscal year (October 1 - September 30) instead of the state fiscal year (July 1 - June 30).
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Prohibits the Legislature from transferring, borrowing, or suspending Highway Users Tax Account revenues allocated to federal fiscal year cities during July, August, and September.
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Requires any such transfers, borrowing, or suspension of revenues to instead commence on October 1 and be completed by June 30 of the same state fiscal year.
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Applies exclusively to revenues from the Highway Users Tax Account required to be apportioned to cities and counties under the Streets and Highways Code.
Legislative Description
Local government: federal fiscal year.
Last Action
Vetoed by Governor.
9/29/2010