BILL ANALYSIS
AB 1364
Page 1
CONCURRENCE IN SENATE AMENDMENTS
AB 1364 (Evans)
As Amended August 17, 2009
2/3 vote. Urgency
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|ASSEMBLY: |76-0 |(May 28, 2009) |SENATE: |39-0 |(September 2, |
| | | | | |2009) |
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Original Committee Reference: B. & P.
SUMMARY : Permits a state agency that has entered into a grant
agreement for the expenditure of state bond funds to
renegotiate, modify, or eliminate the terms of that agreement
under certain specified circumstances.
The Senate amendments :
1)Specify that a state agency that has entered into a grant
agreement for the expenditure of state bond funds and is
unable to comply with the terms of that agreement because of
the suspension of interim funding for projects by the Pooled
Money Investment Board on or after December 18, 2008, has the
authority to:
a) Renegotiate, modify or eliminate the deadlines and timetables
for deliverables in order to address the suspension; and,
b) Terminate the grant agreement if no grant funds have yet
been delivered thereunder.
2)Specify that nothing in this bill shall modify any act under
which bonds are authorized to be issued or the State General
Obligation Bond Law, as specified.
3)Specify that the authority granted under this bill is
supplemental and in addition to any other authority provided
under law, and that nothing in this bill modifies any existing
grant agreement rights and obligations.
EXISTING LAW permits the modification of contracts by state
agencies in specified instances.
AS PASSED BY THE ASSEMBLY , this bill is substantially similar to
AB 1364
Page 2
the version approved by the Senate.
FISCAL EFFECT : According to the Senate Appropriations
Committee, pursuant to Senate Rule 28.8, negligible state costs.
Analysis Prepared by : Rebecca May / B. & P. / (916) 319-3301
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