BILL NUMBER: SB 879	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Beall

                        JANUARY 15, 2016

   An act relating to housing.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 879, as introduced, Beall. Housing: bond act.
   Under existing law, there are programs providing assistance for,
among other things, emergency housing, multifamily housing,
farmworker housing, homeownership for very low and low-income
households, and downpayment assistance for first-time homebuyers.
Existing law also authorizes the issuance of bonds in specified
amounts pursuant to the State General Obligation Bond Law and
requires that proceeds from the sale of these bonds be used to
finance various existing housing programs, capital outlay related to
infill development, brownfield cleanup that promotes infill
development, and housing-related parks.
   This bill would state the intent of the Legislature to enact
legislation that would authorize the issuance of bonds and would
require the proceeds from the sale of these bonds to be used to
finance housing related programs that serve the homeless and
extremely low income and very low income Californians.
   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.  It is the intent of the Legislature to enact
legislation that would authorize the issuance of bonds, and would
require the proceeds from the sale of these bonds to be used to
finance housing related programs that serve the homeless and
extremely low income and very low income Californians over the course
of the next decade.