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9A Page 17 The same presentation will be held on both dates. Participants can submit written questions during the sessions using a chat feature and may ask verbal questions at the conclusion. The California Communities Web site will feature a recording of the sessions after the events conclude. Agenda . Prop. 1 A financing team Introductions · Overview of ABX4 14 and ABX415 . Prop. 1A Securitization Program · Options available to local agencies . Enrollment process . Commitment process Speakers . James Hamill, California Communities . Paul Mcintosh, CSAC · Jean Hurst, CSAC . John Knox, Orrick, Herrington & Sutcliffe . Ian Parker, Goldman Sachs · Catherine Bando, Greencoast Capital Partners On-line Request for More Information If you are not able to attend the Webinar, you may register as an interested party to receive additional information about the Prop. 1 A Securitization Program. Registration as an interested party does not obligate your local agency to participate In the program. To register for updates visit httos:/Iwww.osacommunities.ora/fs/aoDs/oroo1A1aooParticioant.aso. For FAQs on the Prop. 1A Securitization Program please visit the California Communities Web site at www.cacommunities.ora/MediaCenter/Prooosition%201 A %20Securitization%20F AO.odf. 'Prlson Reform' Continued from Page 1... In July, the Legislature approved an un allocated $1.2 billion cut to the California Department of Corrections and Rehabilitation (CDCR) and an agreement to specify how to implement that cut before the end of session in September. While the Senate plan, coupled with planned administrative actions, would have accounted for the entire cut, the Assembly plan leaves $233.4 million of that cut unaddressed. In addition to leaving some of the budget cut unaddressed, the changes made by the Assembly do not fully comply with an order issued by a federal three-judge panel on Aug. 4 to reduce the state prison population by about 40,000 inmates. Gov. Arnold Schwarzenegger's administration as well as the Republican Legislative Caucuses announced plans to appeal that ruling to the Supreme Court. The Senate is not expected to vote on the package until the Assembly resolves some outstanding Issues including the sentencing commission and alternate custody for elderly and infirmed prisoners. For a full summary of the Senate Package passed on Aug. 20, see the Aug. 21 Issue of Citv Advocate Weeklv. Below Is an outline of what was not Included in the Assembly package: Alternative Custody for Aged and Infirmed Prisoners ($120 million savings and 6,300 prisoner reduction). Would have allowed the Secretary of CDCR to order home detention with electronic monitoring of inmates with less than 12 months to serve on their prison terms, who are 4