Loading chat...

CA AB2328

Bill

Official Source

Status

Failed

11/30/2016

Primary Sponsor

Mike Gipson

Click for details

Origin

State Assembly

2015-2016 Session

AI Summary

  • Amends Section 63072 of the Government Code regarding the California Infrastructure and Economic Development Bank's authority over bond issuance and special purpose trusts
  • Changes language in the provision allowing the bank to give final approval for bond issuance or special purpose trust authorization from "it deems" to "the bank deems" necessary or desirable
  • Makes a nonsubstantive technical change to clarify that the bank (rather than an unspecified pronoun) determines the terms for bond issuance and special purpose trust authorization
  • Maintains existing authority for the executive director to establish terms and conditions for bond issuance and take necessary actions as authorized by the bank

Legislative Description

Infrastructure financing.

Last Action

Died at Desk.

11/30/2016

Full Bill Text

No bill text available