BILL ANALYSIS                                                                                                                                                                                                    �



                                                                            



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                                    THIRD READING


          Bill No:  AB 1481
          Author:   Assembly Budget Committee
          Amended:  8/11/14 in Senate
          Vote:     21


           SENATE BUDGET & FISCAL REVIEW COMMITTEE  :  13-1, 8/14/14
          AYES:  Leno, Nielsen, Anderson, Berryhill, Block, Corbett,  
            Jackson, Liu, Mitchell, Monning, Roth, Torres, Wyland
          NOES:  Beall
          NO VOTE RECORDED:  Hancock, Morrell

           ASSEMBLY FLOOR  :  Not relevant


           SUBJECT  :    Jail bond financing

           SOURCE  :     Author


           DIGEST  :    This bill provides technical cleanup to AB 1468  
          (Assembly Budget Committee, Chapter 26, Statues of 2014) as it  
          pertains to $500 million in lease-revenue bond financing for  
          county jails.

           ANALYSIS  :    The Legislature passed the Public Safety Trailer  
          Bill AB 1468, (Assembly Budget Committee, Chapter 26, Statutes  
          of 2014), which contained $500 million in lease-revenue bond  
          financing for county jails.  The Administration subsequently  
          informed the Legislature that a stand-alone jail bond trailer  
          bill was necessary.  SB 863 (Senate Budget and Fiscal Review  
          Committee, Chapter 37, Statutes of 2014), which contained only  
          the jail bond language from AB 1468 was approved on June 19,  
                                                                CONTINUED





                                                                    AB 1481
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          2014.  However, that bill did not repeal the language previously  
          adopted in AB 1468.  This bill corrects this oversight.

           FISCAL EFFECT  :    Appropriation:  Yes   Fiscal Com.:  Yes    
          Local:  No

          According to the Senate Budget and Fiscal Review Committee,  
          contains an appropriation for $5,000 General Fund for the Board  
          of State and Community Corrections to administer the new bond  
          program.


          JA:d  8/14/14   Senate Floor Analyses 

                         SUPPORT/OPPOSITION:  NONE RECEIVED

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