BILL ANALYSIS                                                                                                                                                                                                    Ó






                  SENATE COMMITTEE ON BUDGET AND FISCAL REVIEW
                                Mark Leno, Chair
                                        
          Bill No:       AB 1481
          Author:        Committee on Budget
          As Amended:    August 11, 2014
          Consultant:    Julie Salley-Gray
          Fiscal:        Yes
          Hearing Date:  August 14, 2014
          
          Subject:  Jail bond financing

          Summary:  This bill provides technical cleanup to AB 1468  
          (Committee on Budget), Chapter 26, Statutes of 2014, as it  
          pertains to $500 million in lease-revenue bond financing  
          for county jails. 

          Background:  The Legislature passed the public safety  
          trailer bill AB 1468, (Chapter 26, Statutes of 2014, which  
          contained $500 million in lease-revenue bond financing for  
          county jails. The Administration subsequently informed the  
          Legislature that a stand-alone jail bond trailer bill was  
          necessary.  SB 863 (Budget and Fiscal Review Committee),  
          Chapter 37, Statutes of 2014, which contained only the jail  
          bond language from AB 1468 was approved on June 19, 2014.   
          However, that bill did not repeal the language previously  
          adopted in AB 1468. This bill corrects this oversight.  
          
          Fiscal Effect:  Contains an appropriation for $5,000  
          General Fund for the Board of State and Community  
          Corrections to administer the new bond program.

          Support:   Unknown.

          Opposed:  Unknown.

          Comments:  Not applicable. 
          






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