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CA AB2663

Bill

Status

Vetoed

9/29/2010

Primary Sponsor

Bonnie Lowenthal

Click for details

Origin

State Assembly

2009-2010 Session

AI Summary

  • 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).

  • Prohibits the Legislature from transferring, borrowing, or suspending Highway Users Tax Account revenues allocated to federal fiscal year cities during July, August, and September.

  • 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.

  • 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

Committee Referrals

Appropriations6/30/2010
Local Government6/10/2010
Rules6/3/2010
Appropriations4/15/2010
Local Government3/18/2010

Full Bill Text

No bill text available