BILL NUMBER: AB 1755
VETOED DATE: 09/30/2010
To the Members of the California State Assembly:
I am returning Assembly Bill 1755 without my signature.
This bill would establish the Seismic Safety Finance Act and would
expand existing authority that currently allows local government
agencies to implement contractual assessment programs to provide
property owners a financing option for specific energy and water
efficiency property improvements. This legislation would add seismic
strengthening improvements of existing buildings to this current
list of eligible uses for contractual assessments.
While parts of this bill have merit, I do not support expanding
contractual assessment programs to these types of property
improvements.
For this reason I cannot sign this bill.
Sincerely,
Arnold Schwarzenegger