BILL ANALYSIS Ó
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|SENATE RULES COMMITTEE | AB 2116|
|Office of Senate Floor Analyses | |
|(916) 651-1520 Fax: (916) | |
|327-4478 | |
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CONSENT
Bill No: AB 2116
Author: Gallagher (R), et al.
Amended: 6/15/16 in Senate
Vote: 21
SENATE EDUCATION COMMITTEE: 9-0, 6/8/16
AYES: Liu, Block, Hancock, Huff, Leyva, Mendoza, Monning, Pan,
Vidak
ASSEMBLY FLOOR: 79-0, 4/21/16 (Consent) - See last page for
vote
SUBJECT: School bonds: projections of assessed property
valuations
SOURCE: Author
DIGEST: This bill requires a school district or community
college district governing board to consider the county
assessor's projections for property valuations prior to ordering
an election to authorize bonds for school facilities
construction related purposes.
ANALYSIS:
Existing law authorizes the governing board of any school
district or community college district and requires a district,
upon a petition of the majority of the qualified electors
residing in the district, to order an election and submit to the
electors of the district the question whether the bonds of the
district shall be issued and sold for the purpose of raising
AB 2116
Page 2
money for specified purposes, including the purchase of school
lots, the building or purchase of school buildings, and other
facilities and equipment related costs, as well as refunding of
facilities related debt, as specified. (Education Code § 15100)
This bill:
1)Requires a school or community college district to consider
the county assessor's projections of assessed property
valuations prior to ordering an election to authorize bonds
for school facilities construction related purposes, as
specified.
2)Makes a number of technical and clarifying changes applicable
to both school and community college districts.
Comments
Source of the bill. In July 2015, the California Policy Center,
an educational nonprofit focused on how to improve California's
democracy and economy, issued a report, For the Kids: CA Voters
Must Become Way of Borrowing Billions More from Wealthy
Investors for Educational Construction. Among other things, the
report highlighted the need for adequate and effective oversight
and accountability for bond measures. The report recommended
that districts be required to obtain reasonable and informed
projections of assessed property valuation from an independent
source (not from their bond advisors and consultants) before
placing a bond measure on the ballot. According to the author,
this bill would improve school bond oversight, accountability,
and fiscal responsibility by requiring the school district
governing board to consider the county assessor's projections
prior to ordering an election to authorize school facilities
construction bonds.
FISCAL EFFECT: Appropriation: No Fiscal
Com.:NoLocal: No
AB 2116
Page 3
SUPPORT: (Verified6/14/16)
Howard Jarvis Taxpayers Association
Salinas Taxpayers Association
OPPOSITION: (Verified6/14/16)
None received
ASSEMBLY FLOOR: 79-0, 4/21/16
AYES: Achadjian, Alejo, Travis Allen, Arambula, Atkins, Baker,
Bigelow, Bloom, Bonilla, Bonta, Brough, Brown, Burke,
Calderon, Campos, Chang, Chau, Chávez, Chiu, Chu, Cooley,
Cooper, Dababneh, Dahle, Daly, Dodd, Eggman, Frazier, Beth
Gaines, Gallagher, Cristina Garcia, Eduardo Garcia, Gatto,
Gipson, Gomez, Gonzalez, Gordon, Gray, Grove, Hadley, Harper,
Roger Hernández, Holden, Irwin, Jones, Jones-Sawyer, Kim,
Lackey, Levine, Linder, Lopez, Low, Maienschein, Mathis,
Mayes, McCarty, Medina, Melendez, Mullin, Nazarian, Obernolte,
O'Donnell, Olsen, Patterson, Quirk, Rodriguez, Salas,
Santiago, Steinorth, Mark Stone, Thurmond, Ting, Wagner,
Waldron, Weber, Wilk, Williams, Wood, Rendon
NO VOTE RECORDED: Ridley-Thomas
Prepared by:Kathleen Chavira / ED. / (916) 651-4105
6/15/16 17:24:39
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