On July 5, 2012 California lawmakers voted to delay voters’ consideration of an $11 billion water bond for another two years, from November 2012 to November 2014.
The California assembly approved AB 1422, sponsored by Democratic Assemblyman Henry Perea, in a vote of 69-6. The Senate approved the bill on a 34-2 vote. Although Governor Brown has not yet signed the bill, he is expected to do so.
The Safe, Clean, and Reliable Drinking Water Supply Act, which would authorize the issuance of bonds in the amount of $11.4 billion to finance a safe drinking water and water supply reliability program, was initially scheduled to be put to voters in 2010. However, in August 2010, former Governor Arnold Schwarzenegger signed legislation delaying it until this year.
If you have any questions about the water bond measure, please contact Rebecca Akroyd from our office, or the KMTG attorney with whom you normally consult.
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Showing posts with label Water Bond. Show all posts
Showing posts with label Water Bond. Show all posts
Monday, July 9, 2012
Friday, August 5, 2011
$11 Billion Water Bond Likely To Appear On Ballot
The $11 billion water bond that was pulled from last year's statewide election will likely appear on a future ballot, according to State Senator Fran Pavley (D-Santa Monica).
According to online publication The Acorn, Senator Pavley acknowledged that "[a]ny change in that water bond, whether it’s split in half or reprioritized, requires a two-third vote from legislators. We have not yet heard the governor take a position on when this bond should go on the ballot."
The fate of proposed changes to the bond measure remains unknown. Assembly Bill 157, for example, was introduced in January 2011 to cut the bond measure to $8.25 billion. That bill is now pending in committee.
If you have any questions about the water bond measure, please contact Rebecca Akroyd from our office, or the KMTG attorney with whom you normally consult.
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