CA AB1647

Exempts school districts and community college districts that approved bond issuances before January 1, 2014, and began issuing bonds by that date from compliance with debt service ratio limits, capital appreciation bond redemption requirements, and related disclosure requirements enacted by Assembly Bill 182 (2013-14).

Allows school districts and community college districts with bonds issued before December 31, 2013, to request one-time waivers from specific bond requirements if proceeds are used only to pay the bond and a financial adviser analysis demonstrates the issuance is the most cost-effective method.

Modifies Section 15144.3 of the Education Code to clarify which bond regulations apply to districts based on when bonds were approved and issued.