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�-A-11 QUOTES from page 10 .... • • , Legislative Bill Action .............................. want to take prosthetics away from anyone,' Davis said in an interview. 'I don't want to deny injured or sick people the benefits they currently enjoy. It's an extraordinarily painful process. Nobody goes into government to do this. If somebody can show me how we can get out of this thicket without causing pain to individuals, I'll embrace it in a New York minute.'" Los Angeles Times, 5/5/03, Banks Put on the Spot— State budget makers look to Wall Street as a club to force GOP support for higher taxes and as a scapegoat to avoid political fallout. "After Gov. Gray Davis huddled with Wall Street bankers last week as the Legisla- ture scurried to cut the state budget, he announced that every major investment firm had told him that California can borrow to resolve its $35- billion financial crisis only if it raises taxes." San Diego Union Tribune, 5/6/03, Davis OKs long -term borrowing for budget. "A bill signed by Gov. Gray Davis yesterday authorizes a first for the state of California – a five -year bond paid off by the general fund to close part of a record state budget gap." The Inland Valley Daily Bulletin, 5/6/03, Already strapped, Los Angeles libraries warn of 15 branch closures. "The worst -case scenario would close 15 of the county's 88 libraries and reduce hours countywide by 39 percent, said county librarian Margarett Todd." The following are summaries of just a few of the legislative bills that are currently being acted upon by the League of California Cities. For more information about these and other bills, please visit the League website's new "Issues and Advocacy" page (www.cacities.oru/ issuesandadvocacy) – a one -stop location to access information about legislation, policy issues and related developments. You can track information on bills ( www. cacities .org /legislativesearch), locate legislators and legislative committees, send letters to legislators or the media through the online Advocacy Center, research League policy positions, access useful related links, and much more. REVENUE AND TAXATION AB 694 (Levine). Use Tax. Vehicles, Vessels and Aircraft. Today if you take a trip across one of California's borders to buy a luxury motor home, car or yacht and use it for over 90 days in another state or country, you can avoid paying use tax on that purchase. AB 694 will put the brakes on this tax loophole by requiring Californians to pay use tax if the property is subject to vehicle registration or property taxes and the vehicle, boat or plane was stored or used more than half time in California in the first 12 months of ownership. Staff. Jean Korinke, Status: AsRevTax; Hrg -5 -19. Position: Support. TRANSPORTATION, COMMUNICATIONS AND PUBLIC WORKS AB 792 (Yee). Vehicles. Removal, Storage. A5 Z92 expresses the legislative intent regarding the removal, tow, and storage of a vehicle. AB 792 seeks to codify this statement of legislative intent by clarify- ing that both laws offer a safety benefit to the public and the towing industry. The sponsor of the bill is the City and County of San Francisco. AB 792 passed out of the Assembly 65 -1 on May 1, 2003. Staff: Natasha Fooman, Status: SenTrans, Position: Support. Visit the League's Official Web Site-- www.cacities.org PRIORITY FOCUS /PAGE 11