BILL NUMBER: SB 1403	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Glazer

                        FEBRUARY 19, 2016

   An act relating to housing.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 1403, as introduced, Glazer. Housing bonds.
   Existing law, the Housing and Emergency Shelter Trust Fund Act of
2006, authorizes the issuance of bonds to finance various housing
programs, capital outlay related to infill development, brownfield
cleanup that promotes infill development, housing-related parks, and
transit-oriented development programs.
   This bill would state the intent of the Legislature to enact
legislation that would authorize the issuance of bonds to finance the
development of affordable housing.
   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 to finance the
development of affordable housing.