BILL NUMBER: AB 1143	ENROLLED
	BILL TEXT

	PASSED THE SENATE  AUGUST 18, 2011
	PASSED THE ASSEMBLY  SEPTEMBER 2, 2011
	AMENDED IN SENATE  JULY 12, 2011
	AMENDED IN SENATE  JUNE 21, 2011
	AMENDED IN ASSEMBLY  MAY 27, 2011

INTRODUCED BY   Assembly Member Dickinson

                        FEBRUARY 18, 2011

   An act to amend Sections 102530, 102531, and 102582 of the Public
Utilities Code, relating to transportation.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1143, Dickinson. Sacramento Regional Transit District: bonds.
   Existing law, the Sacramento Regional Transit District Act,
creates the Sacramento Regional Transit District with specified
powers and duties relative to providing transit services in the
Sacramento region.
   Existing law authorizes the district to issue revenue bonds under
the Revenue Bond Act of 1941, payable from revenue of any facility or
enterprise of the district. Existing law also authorizes the
district to temporarily borrow money in accordance with various
provisions of the Government Code applicable to local agencies.
   This bill would provide that revenues or other income, receipts,
or amounts made available to the district, including sales tax
revenue, are revenues of the enterprise for purposes of paying
revenue bonds issued by the district. The bill would exempt the
district from certain provisions of the Revenue Bond Act of 1941, but
would require a 2/3 vote of the district board to issue bonds under
that act. The bill would revise provisions in the Sacramento Regional
Transit District Act relating to temporary borrowing to conform
these provisions to the Government Code provisions applicable to
local agencies. The bill would make other related changes.


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

  SECTION 1.  Section 102530 of the Public Utilities Code is amended
to read:
   102530.  The district may issue bonds, payable in whole or in part
from revenue of any facility or enterprise acquired or constructed
or to be acquired or constructed by the district, in the manner
provided by the Revenue Bond Law of 1941, Chapter 6 (commencing with
Section 54300) of Part 1 of Division 2 of Title 5 of the Government
Code, all of the provisions of which are applicable to the district,
except that Article 3 (commencing with Section 54380) of Chapter 6 of
Part 1 of Division 2 of Title 5 of the Government Code and the
restrictions therein provided against the securing of bonds by the
taxing power or the proceeds of taxation do not apply to the issuance
and sale of bonds pursuant to this article and instead, the district
shall authorize the issuance of those bonds by resolution of its
governing board approved by a two-thirds vote of the board.
  SEC. 2.  Section 102531 of the Public Utilities Code is amended to
read:
   102531.  The district is a local agency within the meaning of the
Revenue Bond Law of 1941, Chapter 6 (commencing with Section 54300)
of Part 1 of Division 2 of Title 5 of the Government Code. The term
"enterprise" as used in the Revenue Bond Law of 1941 shall, for all
purposes of this part, include the system or any or all transit
facilities, and all additions, extensions, and improvements thereto,
and all other facilities authorized to be acquired, constructed, or
completed by the district. Any revenues or other income, receipts, or
amounts made available to the district, including, but not limited
to, the proceeds of a transactions and use tax imposed under Article
8 (commencing with Section 102350) of Chapter 5 of Division 10 or
under any other provision of law, are deemed to be revenues of the
enterprise for all purposes of the Revenue Bond Law of 1941. The
district may issue revenue bonds under the Revenue Bond Law of 1941,
for any one or more transit facilities authorized to be acquired,
constructed, or completed by the district or, in the alternative, may
issue revenue bonds under the Revenue Bond Law of 1941, for the
acquisition, construction, and completion of any one of those transit
facilities. Nothing in this article shall prevent the district from
availing itself of, or making use of, any procedure provided in this
part for the issuance of bonds of any type or character for any of
the transit facilities authorized hereunder, and all proceedings may
be carried on simultaneously or, in the alternative, as the board may
determine.
  SEC. 3.  Section 102582 of the Public Utilities Code is amended to
read:
   102582.  The district may borrow money in accordance with the
provisions of Article 7 (commencing with Section 53820), Article 7.4
(commencing with Section 53835), Article 7.5 (commencing with Section
53840), Article 7.6 (commencing with Section 53850), or Article 7.7
(commencing with Section 53859) of Chapter 4 of Part 1 of Division 2
of Title 5 of the Government Code.