LA Council Backs Law To Lower Infrastructure Bond Hurdle

Law360, New York (August 7, 2013, 4:19 PM EDT) -- The Los Angeles City Council on Wednesday voted to support a statewide measure that will put on next year's ballot a proposal to lower the approval threshold that is currently required to pass local infrastructure bond measures.

In a divided 14-1 vote, Council members approved a resolution supporting a state bill that could pave the way for lowering the local voter approval benchmark on infrastructure bond financings from a supermajority of two-thirds to a majority of 55 percent. The change, if approved statewide, could potentially make...
To view the full article, register now.