RECOMMENDATION(S):
ADOPT a position of "Support" on SB 3 (Beall): Affordable Housing Bond Act of 2018, as recommended by the Legislation Committee.
FISCAL IMPACT:
Unknown fiscal impact on Contra Costa County. This bill would enact the Affordable Housing Bond Act of 2018, which, if adopted, would authorize the issuance of State bonds in the amount of $3,000,000,000 pursuant to the State General Obligation Bond Law.
BACKGROUND:
SB 3 (Beall): Affordable Housing Bond Act of 2018, was introduced on 12/5/2016. It has been referred to two Senate committees: Transportation and Housing; and Government and Finance.
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