BILL ANALYSIS                                                                                                                                                                                                    �



                                                                  AB 835
                                                                  Page  1

          Date of Hearing:   May 15, 2013

                        ASSEMBLY COMMITTEE ON APPROPRIATIONS
                                  Mike Gatto, Chair

                  AB 835 (Muratsuchi) - As Amended:  March 14, 2013 

          Policy Committee:                              Human  
          ServicesVote:5 - 0 

          Urgency:     No                   State Mandated Local Program:  
          No     Reimbursable:              

           SUMMARY  

          This bill permits the Department of Housing and Community  
          Development (HCD) to renegotiate child care facility loan terms  
          that have been provided through the Child Care and Development  
          Facilities Direct Loan Fund, and guaranteed by the Child Care  
          and Development Facilities Loan Guaranty Fund.

           FISCAL EFFECT  

          There are no significant costs associated with this legislation.  


           COMMENTS  

           Purpose . The author notes, when the governor and Legislature  
          reorganized and eliminated the Technology, Trade, and Commerce  
          Agency (TTCA), some programs were inadvertently affected.  In  
          the case of the Child Care Facilities Financing (CCFF) Program,  
          the program was transferred to HCD.  Unfortunately, when the  
          program was transferred the statute was not updated to reflect  
          the change.  As a matter of practicality, HCD should be given  
          statutory oversight of the CCFF program so that it can  
          effectively manage loans issued through the program. This bill  
          allows loan modifications as they would have been under the TTCA  
          had it not been eliminated. 


           Analysis Prepared by  :    Julie Salley-Gray / APPR. / (916)  
          319-2081 










                                                                  AB 835
                                                                  Page  2