BILL ANALYSIS                                                                                                                                                                                                    �



                                                                  SB 867
                                                                  Page  1

          (  Without Reference to File  )

          SENATE THIRD READING
          SB 867 (Atkins)
          As Amended  August 11, 2014
          2/3 vote.  Urgency

           SENATE VOTE  :   Vote not relevant 
            
           SUMMARY  :  Designates ACA 1 X2 (John A. P�rez), Chapter 1,  
          Statutes of the 2013-14 Second Extraordinary Session as  
          "Proposition 2" on the November 4, 2014 General Election ballot.  
           ACA 1 X2 makes changes to the state's budget reserve policy and  
          was chaptered on May 16, 2014, and would be Proposition 44,  
          absent this change.  This bill also includes language requiring  
          the Secretary of State and local elections officials to revise  
          any references to Proposition 44 in any analysis, argument, or  
          statement to Proposition 2.

           FISCAL EFFECT  :  Incidental costs that can be absorbed within  
          existing budget authority.

           COMMENT  :  This bill would designate ACA 1 X2, commonly referred  
          to as the "Rainy Day Fund" measure, as Proposition 2.  Other  
          legislation pending before the Legislature proposes to designate  
          the 2014 Water Bond as "Proposition 1."  Other ballot measures  
          currently qualified for the ballot would not be renumbered by  
          this bill. 

          Existing law requires bond measures to be placed at top of the  
          ballot.  Therefore, in the event a new Water Bond measure is not  
          passed, and the existing Water Bond (Proposition 43) remains on  
          the ballot, then the ballot will be numbered:  43, 2, 45, and so  
          on.


           Analysis Prepared by  :    Christian Griffith / BUDGET / (916)  
          319-2099


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                                                                  SB 867
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