CALIFORNIA LEGISLATURE— 2019–2020 REGULAR SESSION

97

CHAPTER 213

Statutes of 2020

[ Approved by Governor September 28, 2020. Filed with Secretary of State September 28, 2020. ]

Introduced by Assembly Members Rodriguez and Gray

February 6, 2020

An act to amend Section 53839 of the Government Code, relating to local government.

Vote: majority   Appropriation: no   Fiscal committee: no   Local program: no

LEGISLATIVE COUNSEL’S DIGEST

Existing law, until December 31, 2019, authorizes a special district to issue, as specified, securitized limited obligation notes for the acquisition or improvement of land, facilities, or equipment.

This bill would extend that authorization to December 31, 2024.

The people of the State of California do enact as follows:

SECTION 1.

Section 53839 of the Government Code is amended to read:

53839.

A special district shall not issue any securitized limited obligation notes after December 31, 2024, unless a later enacted statute that is enacted before December 31, 2024, deletes or extends that date.