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9A Page 1 Advocate Weekl " .'11 October 16, 2009 Issue #40-2009 IN THIS ISSUE: Page 8: Legislature's Governance Reform Committees Release Work Plan Page 9: Federal Government Offers Guidance on ARRA Late Reporting Page 10: Saving Energy Equals Saving Money for Local Governments Page 11: DOE Offering Online Publication to Help Local Governments Develop Solar Power Page 12: First Annual Central Valley Golf Toumament Draws Golfers and Dollars for CiliPAC Become a Facebook Fan of the California Local Government Finance Almanac SENATE APPROVES SB 67 AND SB 65, GOVERNOR'S SIGNATURE EXPECTED SOON Deadline Looms, Cities Urged to Register for Prop. 1 A Securitization Program Local governments breathed a sigh of relief this week when the Senate passed S8 67 and SB 65. Gov. Arnold Schwarzenegger is expected to sign the legislation in the near future. S8 67, passed by the Senate on Oct. 14 on a vote of 37-0, is the much-needed clean-up measure which will enable our city to securitize the Proposition 1A property tax "loan" to the state through California Communities. This program will allow participating local governments to avoid any loss of local property tax dollars caused by the state's borrowing. The state is paying all costs associated with the securitization of the loan. For more, see Page 2. .................................... GOVERNOR COMPLETES ACTION ON BILLS Gov. Arnold Schwarzenegger released his final decision on hundreds of bills on Sunday, Oct. 11. He had held the legislation hostage for weeks hoping that the Legislature would agree to a comprehensive water package. In the end, a final agreement on water was not reached. Enough progress was made however that the Governor said that he felt comfortable signing bills. Below is a list of his actions on major bills tracked by the League. For more, see Page 2. .................................... GOVERNOR CALLS SEVENTH EXTRAORDINARY SESSION TO ADDRESS CALIFORNIA WATER ISSUES After several days of intense negotiations by legislative leaders, Gov. Arnold Schwarzenegger called a special session late Sunday to continue working on California's water crisis. A water deal had been a stipulation of the Governor's in exchange for evaluating legislation. He decided several hours before the final deadline to sign or veto bills that enough progress had been made by the Big 5 leaders on water for him to take action on bills. It was at that time that the Governor called the Seventh Extraordinary Session to finalize work on water. For more, see Page 7.