BILL NUMBER: AB 837	CHAPTERED  08/13/01

	CHAPTER  186
	FILED WITH SECRETARY OF STATE  AUGUST 13, 2001
	APPROVED BY GOVERNOR  AUGUST 12, 2001
	PASSED THE SENATE  JULY 21, 2001
	PASSED THE ASSEMBLY  MAY 17, 2001
	AMENDED IN ASSEMBLY  APRIL 26, 2001

INTRODUCED BY   Assembly Member Briggs
   (Coauthors:  Assembly Members Bill Campbell, Dickerson, and Reyes)

                        FEBRUARY 22, 2001

   An act to add Section 6547.9 to the Government Code, relating to
joint powers agencies.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 837, Briggs.  Joint powers agencies.
   Existing law authorizes 2 or more public agencies, which include
the federal government, the state, another state or any federal
department or agency or any local agency, to make an agreement to
jointly exercise any power common to the contracting parties and
authorizes these parties to issue bonds, notes, or other evidence of
indebtedness.
   This bill would provide that the Treasurer is designated as an
elected representative for federal tax purposes of a joint powers
agency created pursuant to this law.  The bill would provide that, in
the discretion of the joint powers agency, the Treasurer is
authorized to approve or certify the issuance of bonds, notes, or
other evidence of indebtedness issued by or on behalf of the joint
powers agency to the extent approval is required by federal tax law.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:


  SECTION 1.  Section 6547.9 is added to the Government Code, to
read:
   6547.9.  The Treasurer is designated as an elected representative
for federal tax purposes of a joint powers agency created pursuant to
this chapter.  In the discretion of the joint powers agency, the
Treasurer is authorized to approve or certify the issuance of bonds,
notes, or other evidence of indebtedness, issued by or on behalf of
that joint powers agency, to the extent this approval is required by
federal tax law.