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<br /> 1A-1 <br /> P £ÌÕ'R7TY F 0 CU S <br /> ON liclS1..U1VJ; Ato"O POLICY wuas THAT APnr:J CuJl'OaIJ'" Cms¡ <br /> November 5, 2004 <br /> Issue #43-2004 <br /> VOTERS PASS PROPOSITION 1A BY 84%! <br />Hot Bi lis Tuesday's election evoked cheers and some sighs of relief from city <br />.. Act Now officials and their local government allies, with the voters casting a resounding <br /> "yes" vote on Proposition 1A. A packed ballot and an important national <br /> election helped boost California voter turnout to more than 73% - the second <br />The legislature is in highest turnout in the last 20 years. And Prop 1A won overwhelmingly-with <br />Final Recess and 84% support. For more, see page 2. <br />will adjourn on ................................ <br />November 30. The <br />2005-06 Regular NEW VLF GAP LOAN FINANCING PROGRAM <br />Session will <br />convene on The League of California Cities is pleased to sponsor a new financing <br />December 6. program that will allow California cities and counties to sell their VLF Gap <br /> Loan receivable from the state and receive an up-front fixed price of 90-96% <br /> of their VLF Gap Loan amount. Local agencies that participate in the program <br /> can receive funds as early as February 2005 rather than having to wait until <br /> August 2006, when the State has promised to repay the VLF Gap Loan. For <br /> more, see page 6. <br /> ................................ <br /> FORMER LEAGUE PRESIDENT DEFENDS <br /> ANTI-PREDATORY LENDING ORDINANCE <br /> Oakland City Attorney and former League President John Russo argued <br /> before the California Supreme Court Thursday, in defense of the City of <br /> Oakland's landmark anti-predatory lending ordinance. Passed unanimously <br /> by the Oakland City Council on October 2, 2001, the ordinance was the first <br />Want more details on local law in California to address the growing problem of predatory home <br />these and other bills? mortgage lending. The League had filed an Amicus Brief in support of <br />Log on to the League of Oakland's argumeAt, prepared by John Fellows from the City of Torrance. For <br />California Cities Web site more, see page 6. <br />at www.cacities.orgl <br />legtracking. <br /> Page 3 LOCAL GOVERNMENT EXPERIENCE GROWS AMONG STATE LEGISLATORS <br /> Page 7 GOVERNOR ANNOUNCES NEW DIRECTORS OF FINANCE, TRANSPORTATION <br /> ~_. <br />