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General obligation bonds.

It became law on Sep 7, 2011.

CA AB 1408 · Assembly Bill · 2011–2012

Stage
Became law
Started in
Assembly
Sponsor
1
Latest action
Sep 7, 2011

What it does

The State General Obligation Bond Law generally provides for a procedure that may be adopted by other acts, with any necessary modifications, to authorize the issuance and sale of state general obligation bonds, including general obligation bonds to be issued as zero coupon or capital appreciation bonds, and to provide for the repayment of those bonds. Existing law requires, with regard to a resolution determining that the sale of all or part of the bonds is necessary or desirable, a specification that the denomination of the bonds to be sold shall be $1,000 or multiples of that sum.

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Sep 7, 2011

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

  • Committee on Banking and FinanceLead sponsor

In the news

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Where it goes next

Once a bill is decided, the questions are about what is done with it in California.

Work with this bill

General obligation bonds. | 52