BILL NUMBER: SB 1201	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator De León

                        FEBRUARY 20, 2014

   An act to amend Section 978.6 of the Government Code, relating to
local government.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 1201, as introduced, De León. Local taxing entities: bonded
indebtedness: judgments.
   Existing law authorizes the governing body of a local taxing
entity, as defined, to incur a bonded indebtedness to fund all or any
portion of an outstanding judgment against the entity, subject to
certain criteria.
   This bill would make technical, nonsubstantive changes to a
related provision.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


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

  SECTION 1.  Section 978.6 of the Government Code is amended to
read:
   978.6.  The board may by resolution adopted by two-thirds vote of
all its members declare that no part of a described bond issue
authorized  under   pursuant to  this
article  which   that  remains unsold shall
be issued or sold. When the resolution takes effect, the bonds
described in the resolution  which   that 
remain unsold are voided.