BILL NUMBER: AB 2481	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Morrell

                        FEBRUARY 24, 2012

   An act to amend Section 5003 of the Government Code, relating to
bonds.



	LEGISLATIVE COUNSEL'S DIGEST


   AB 2481, as introduced, Morrell. Public bonds.
   Existing law regulates the issuance of public bonds and
obligations. Existing law provides for the registration of public
bonds, after which the principal and interest of the bond is payable
to the registered owner.
   This bill would make a technical, nonsubstantive change in these
provisions.
   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 5003 of the Government Code is amended to read:

   5003.  After  any   a  bond is
registered, the principal and interest of the bond are payable to the
registered owner.