BILL NUMBER: AB 561	AMENDED
	BILL TEXT

	AMENDED IN ASSEMBLY  APRIL 4, 2011

INTRODUCED BY   Assembly Members Gorell and Smyth

                        FEBRUARY 16, 2011

   An act to add Section 7.8 to the Ventura County Watershed
Protection Act (Chapter 44 of the Fourth Extraordinary Session of the
Statutes of 1944), relating to the Ventura County Watershed
Protection District.



	LEGISLATIVE COUNSEL'S DIGEST


   AB 561, as amended, Gorell. Ventura County Watershed Protection
District: indebtedness.
   Existing law, the Ventura County Watershed Protection Act, creates
the Ventura County Watershed Protection District and grants to that
district authority that includes the control of flood water and
stormwater. The act authorizes the district to borrow money and incur
indebtedness for various purposes, including financing flood control
and conservation projects and repairing or removing flood control
structures, in accordance with specified requirements.
   This bill would authorize the district to borrow money and incur
indebtedness for the construction and reconstruction of district
facilities, and would require each loan  or debt  to
be authorized by a resolution adopted by a majority vote of the
governing board of the district  and evidenced by a note
 .
   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.  Section 7.8 is added to the Ventura County Watershed
Protection Act (Chapter 44 of the Fourth Extraordinary Session of the
Statutes of 1944), to read:
  Sec. 7.8.  Notwithstanding any other section of this act, and
consistent with Section 18 of Article XVI of the California
Constitution, the district may borrow money and incur indebtedness to
finance the construction and reconstruction of district facilities.
Each loan  or debt borrowed or  incurred pursuant to
this section shall be authorized by a resolution adopted by a
majority vote of the board of supervisors  and shall be
evidenced by a note  .