BILL NUMBER:  AB 1399
  VETOED	DATE: 09/29/2014




To the Members of the California State Assembly:

I am returning Assembly Bill 1399 without my signature.

This bill creates a new markets tax credit that will cost --over
time-- $200 million.

I certainly endorse programs that result in private investments to
help low income areas, but a bill to spend this much should be
considered with other priorities during the annual budget.

Sincerely,



Edmund G. Brown Jr.