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CA SB798

Bill

Official Source

Status

Passed

10/10/2023

Primary Sponsor

Steve Glazer

Click for details

Origin

Senate

2023-2024 Session

AI Summary

  • Changes how estimated tax rates for local bond measures are expressed in voter statements, from per $100 of assessed valuation to per $100,000 of assessed valuation.

  • Applies to all local government bond measures that require voter approval and are secured by ad valorem taxes.

  • Tax rate estimates must still include average annual rates over the bond's full debt service period and the highest rate that would be levied.

  • Approved by the Governor on October 10, 2023 and became Chapter 720.

Legislative Description

Elections: local bond measures: tax rate statement.

Last Action

Chaptered by Secretary of State. Chapter 720, Statutes of 2023.

10/10/2023

Committee Referrals

Elections5/11/2023
Elections and Constitutional Amendments3/29/2023
Governance and Finance3/1/2023
Rules2/17/2023

Full Bill Text

No bill text available