BILL NUMBER:  AB 2437
  VETOED	DATE: 09/25/2010




To the Members of the California State Assembly:

I am returning Assembly Bill 2437 without my signature.

While I am supportive of providing California's manufacturers with
greater borrowing opportunities to make capital investments, I
believe the proper location of this economic development program is
in the Governor's Office of Economic Development.  In addition, this
bill would create new higher costs to employers as a result of the
prevailing wage requirements on projects financed under this bill.

For these reasons I cannot sign this bill.

Sincerely,



Arnold Schwarzenegger