Feb. 15, 2013
Issue #20

Editor's Note

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Proposition 1A Loan Repayment This June

The $1.9 billion Proposition 1A Suspension Loan of 2009 is due to be repaid this year. Prop.1A (2004) requires that the amounts be repaid within three years (specified in subsequent legislation as by June 13, 2013) with interest (stipulated by the Director of Finance at 2 percent). Many agencies participated in a securitization program which the legislation authorized.

Key words: Revenue and Taxation, Municipal Finance


California Air Resources Board to Hold Public Workshops on Cap-and-Trade Proceeds

The California Air Resources Board (CARB) is hosting three public workshops (http://www.arb.ca.gov/cc/capandtrade/auctionproceeds/auctionproceeds.htm) throughout the state to solicit input on the development of an investment plan for Cap-and-Trade auction proceeds.

Key words: Environmental Quality, Cap and Trade, Meetings and Events


Green California Leadership Awards

Nominations Due March 8

Cities with sustainability accomplishments should consider applying for the Green California Leadership Awards.

Key words: Environmental Quality, Meetings and Events






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