AB 2356, as introduced, Gorell. Financing for adult local criminal justice facilities.
Existing law authorizes the Board of State and Community Corrections, the State Public Works Board, and a participating county, as defined, to acquire, design, and construct an adult local criminal justice facility approved by the Board of State and Community Corrections, or to acquire a site or sites owned by, or subject to a lease option to purchase held by, a participating county. Existing law authorizes the State Public Works Board to issue up to $500,000,000 in revenue bonds, notes, or bond anticipation notes to finance the acquisition, design, and construction of approved adult local criminal justice facilities. The funds derived from those revenue bonds, notes, or bond anticipation notes are continuously appropriated for those purposes.
This bill would increase the authorization for revenue bonds, notes, or bond anticipation notes from $500,000,000 to $1,200,000,000. By increasing moneys deposited into a continuously appropriated fund, this bill would make an appropriation.
Vote: majority. Appropriation: yes. Fiscal committee: yes. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 15820.922 of the Government Code is
2amended to read:
(a) The board may issue up tobegin delete five hundred million begin insert one billion two hundred million dollars
4dollars ($500,000,000)end delete
5($1,200,000,000)end insert in revenue bonds, notes, or bond anticipation
6notes, pursuant to Chapter 5 (commencing with Section 15830) to
7finance the acquisition, design, and construction, including, without
8limitation, renovation, and a reasonable construction reserve, of
9approved adult local criminal justice facilities described in Section
1015820.92, and any additional amount authorized under Section
1115849.6 to pay for the cost of financing.
12(b) Proceeds from the revenue
bonds, notes, or bond anticipation
13notes may be used to reimburse a participating county for the costs
14of acquisition, design, and construction, including, without
15limitation, renovation, for approved adult local criminal justice
16facilities.
17(c) Notwithstanding Section 13340, funds derived pursuant to
18this section and Section 15820.921 are continuously appropriated
19for purposes of this chapter.
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