BILL ANALYSIS                                                                                                                                                                                                    



                                                                       



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          |SENATE RULES COMMITTEE            |                  AB 2087|
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                                 THIRD READING


          Bill No:  AB 2087
          Author:   Torres (D)
          Amended:  04/19/10 in Assembly
          Vote:     21

           
           SENATE VETERANS AFFAIRS COMMITTEE  :  4-0, 6/22/10
          AYES:  Denham, Correa, Negrete McLeod, Cedillo
          NO VOTE RECORDED:  Wyland, Vacancy, Vacancy

           SENATE APPROPRIATIONS COMMITTEE  :  11-0, 8/12/10
          AYES:  Kehoe, Ashburn, Alquist, Corbett, Emmerson, Leno,  
            Price, Walters, Wolk, Wyland, Yee

           ASSEMBLY FLOOR  :  74-0, 6/1/10 - See last page for vote


           SUBJECT  :    Veterans farm and home purchases:  definition:   
          home

           SOURCE :     Department of Veterans Affairs


           DIGEST  :    This bill expands the definition of home, for  
          purposes of the CalVet Home Loan Program, to include a  
          residence of two to four units that otherwise meets  
          specified requirements of the federal Internal Revenue  
          Code.

           ANALYSIS  :    The Military and Veterans (M&V) Code does not  
          mirror the Internal Revenue Service Code that allows  
          veterans to purchase duplexes, triplexes and fourplexes.  A  
          change in the M&V Code allows CalVet to make these types of  
                                                           CONTINUED





                                                               AB 2087
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          2

          loans to veterans.  This allows Veterans to be able to  
          purchase this type of housing which may be helpful for  
          extended family housing.  It also provides dwellings that  
          are duplexes, triplexes, or fourplexes that is the best  
          format for cooperative housing as identified in AB 1330  
          (Salas), Chapter 524, Statutes of 2009. 

          AB 1330 authorizes the Department of Veterans Affairs (DVA)  
          to set up a pilot project for the purpose of operating  
          co-op housing projects for veterans. DVA is sponsoring this  
          bill to add two- and four- unit multifamily housing units  
          to the definition of home because they feel this change is  
          necessary to allow cooperative housing as a possible use  
          under the CalVET program. 

          Veterans benefit from a living situation which includes  
          other veterans.  By expanding the definition of home to  
          include two- and four-unit multifamily units, this bill  
          permits veterans to collectively purchase a duplex or  
          fourplex so that they can live in a supportive environment.

           FISCAL EFFECT  :    Appropriation:  No   Fiscal Com.:  Yes    
          Local:  No

          According to the Senate Appropriations Committee analysis:

                          Fiscal Impact (in thousands)

           Major Provisions                2010-11     2011-12     2012-13     
                Fund
           
          Home loan expansion                                
          ------unknown, potentially over $150                     
          Special*
                                      Annually-------

          *Cal-Vet Home Loan Fund

           SUPPORT  :   (Verified  8/12/10)

          Department of Veterans Affairs (source)
          American Legion, Department of California









                                                               AB 2087
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           ASSEMBLY FLOOR  : 
          AYES:  Adams, Ammiano, Anderson, Arambula, Bass, Beall,  
            Bill Berryhill, Blakeslee, Block, Blumenfield, Bradford,  
            Brownley, Buchanan, Caballero, Charles Calderon, Carter,  
            Chesbro, Conway, Cook, Coto, Davis, De La Torre, De Leon,  
            DeVore, Emmerson, Eng, Evans, Feuer, Fletcher, Fong,  
            Fuentes, Fuller, Furutani, Gaines, Galgiani, Garrick,  
            Gilmore, Hagman, Hall, Hayashi, Hernandez, Hill, Huber,  
            Huffman, Jeffries, Jones, Knight, Lieu, Logue, Bonnie  
            Lowenthal, Ma, Mendoza, Monning, Nava, Nestande, Niello,  
            Nielsen, V. Manuel Perez, Portantino, Ruskin, Salas,  
            Saldana, Silva, Skinner, Smyth, Solorio, Swanson,  
            Torlakson, Torres, Torrico, Tran, Villines, Yamada, John  
            A. Perez
          NO VOTE RECORDED:  Tom Berryhill, Harkey, Miller, Norby,  
            Audra Strickland, Vacancy


          TSM:do  8/16/10   Senate Floor Analyses 

                         SUPPORT/OPPOSITION:  SEE ABOVE

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