Originally Posted: Thursday, January 28, 2010
Two-Year Bills Move to Next House
SB 454 (Lowenthal), which will remove the sunset on the state's affordable housing preservation law, passed the Senate unanimously on Wednsday. It now heads to the Assembly. The Senate also approved SB 194 (Florez), ensuring that Federal CDBG dollars are focused on low-income communities.
SB 16 (Lowenthal) was once again held in the Senate Appropriations committee. This bill would have made state tax credits refundable, making the credits more attractive to investors. The bill had been held last year, but was briefly given renewed hope of making it off of the suspense file this year. In the end, the bill appeared to have fallen victim to the state's worsening financial picture, as all bills with any potential costs to the General Fund were held in Suspense.