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9A Page 2 'Senate' Continued from Page 1... SB 65, passed by the Senate on Oct. 14 on a vote of 37-0, is a cash management bill that includes the clean-up to accelerate the payback of local deferred Highway Users Tax Account (HUTA) funds. These funds are critical for our local street maintenance, including storm clean up and other activities. Enroll Now: Nov. 6 Deadline Looms for Prop.1A Securitization Program California Communities, the Joint Powers Authority authorized by the Legislature to execute the securitization of the Prop. 1A loan, announced that as of Tuesday, 57 counties, 352 cities and 707 special districts had enrolled in the program. The total amount for cities and counties to date enrolled in the program is $1.5 billion. The interest rate for the Prop. 1A loan has been set by the Department of Finance at 2 percent. Repayment from the state is due to local agencies that do not securitize by June 30,2013. It is extremely important that cities interested in securitizing the lost amount of property tax complete the required documents immediately. Bond counsel to California Communities, must receive local agency approved and signed documents by Friday, Nov. 6. Local agencies can enroll in the securitization program online at the California Communities Web site at httos:/Iwww.osacommunities.ora/fs/aoosl?aoo=22. SpeCific questions about the Prop. 1A Program can be directed to Proo1A(Q>.cacommunities,ora or call (800) 635-3993, ext. 260. Other Actions In Sacramento In its brief one-day session this week in Sacramento. the Senate also took action on two other bills of interest to California cities: Redevelooment Grab Clean uo: The Senate approved AB 182, a clean up to AB X4 26, the legislation that passed in July proposing the seizure of $2.05 billion in redevelopment agency funds. The constitutionality of the proposed take of redevelopment funds will be challenged by the California Redevelopment Agency (CRA). AB 182 expands the authority of redevelopment to borrow from existing affordable housing set- aside funds, and includes a provision which authorizes agency hits to be calculated on a more recent base year. Changing base years creates both winners and losers by increasing or reducing an agency's potential hit, should CRA lose its lawsuit. To take effect, AB 182 would also need to be approved by the Assembly. Citv of Industrv NFL Stadium Bill: After a long debate, the Senate approved AB x3 81. a bill that overrides a pending lawsuit filed under the California Environmental Quality Act against a proposed NFL Stadium in the City of Industry. This bill awaits the Governor's decision. Water Discussions Slow After weeks of frenetic negotiations, momentum on negotiations over a potential water package has slowed. Senate Pro Tern Darrell Steinberg (D-Sacramento) recessed the Senate but alerted members that he may ask them to return soon. 'Bills' Continued from Page 1... According to the Senate Local Government Committee, the Governor signed 632 bills, and vetoed 257 bills. This represents the lowest number of bills chaptered, and the second highest percentage of bills vetoed (27.52 percent), in the last 40 years. 2