California ACA 3: A resolution to propose to the people of the State of California an amendment to the Constitution of the State, by repealing and adding Article XIIIB thereof, and by amending Section 8.5 of Article XVI thereof, relating to expenditure limits.
Status: From committee without further action. (as of 2008-11-30)
State: California · Session: 20072008 · Bill: ACA 3
Subjects: Expenditure limits.
Sponsors: Gaines, Aanestad, Cook, DeVore, Garrick, Harman, Jeffries, La Malfa, Maze, Silva, Strickland, Tran, Walters
Bill Text
• • • • • • Bill Text - ACA-3 University of California: home down payment loans for support staff. • • skip to content • home • accessibility • FAQ • feedback • sitemap • login • x Quick Search: Bill Number Bill Keyword • • • • • • Home • Bill Information • California Law • Publications • Other Resources • My Subscriptions • My Favorites • Bill Information >> • Bill Search >> • Text Bill Text PDF2 Bill PDF |Add To My Favorites |Track Bill | Version: 01/16/25 - Introduced ACA-3 University of California: home down payment loans for support staff.(2025-2026) Text >> Votes >> History >> Bill Analysis >> Today's Law As Amended >> Compare Versions >> Status >> Comments To Author >> Track Bill >> Add To My Favorites >> SHARE THIS: ACA3:v99#DOCUMENTBill Start Revised April 28, 2025 Corrected January 17, 2025 CALIFORNIA LEGISLATURE— 2025–2026 REGULAR SESSION Assembly Constitutional Amendment No. 3 Introduced by Assembly Member Haney (Principal coauthor: Assembly Member Gipson) (Coauthors: Assembly Members Addis, Ahrens, Alanis, Arambula, Bonta, Bryan, Connolly, Davies, Garcia, Mark González, Jackson, Kalra, Krell, Lee, McKinnor, Ortega, Papan, Pellerin, Celeste Rodriguez, Schultz, Sharp-Collins, Solache, and Wallis Wallis, and Wilson) (Coauthor: Senator Durazo Coauthors: Senators Durazo, Richardson, and Wahab) January 16, 2025 A resolution to propose to the people of the State of California an amendment to the Constitution of the State, by adding Section 9.1 to Article IX thereof, relating to the University of California. LEGISLATIVE COUNSEL'S DIGEST ACA 3, as introduced, Haney. University of California: home down payment loans for support staff. The California Constitution provides that the University of California constitutes a public trust, and requires the university to be administered by the Regents of the University of California, a corporation in the form of a board, with full powers of organization and government, subject to legislative control only for specified purposes. These provisions grant the regents all the powers necessary or convenient for the effective administration of its trust. This measure would require, on or before January 1, 2027, the regents to extend a portion of the homeownership assistance provided to senior executives and University of California faculty in the Academic Senate to eligible support staff, defined as career employees who have worked for the university for at least 5 years, are first-time homebuyers, and are not supervisors, managers, senior executives, or members of the University of California faculty in the Academic Senate, for the purpose of providing down payment loans, as specified. The measure would require, beginning in the 2027–28 fiscal year, the total number of down payment loans the regents provide to eligible support staff to equal the total number of all housing loans made to senior executives and University of California faculty in the Academic Senate during the 2023–24 fiscal year, and for each fiscal year thereafter, the total number of down payment loans for eligible support staff to equal the total number of housing loans made to senior executives and University of California faculty in the Academic Senate in the preceding fiscal year, except as provided. The measure would require 75% of the down payment loans provided to eligible support staff to be made available to staff whose household incomes are at or below the area median income, as defined. The measure would authorize the Legislature to enact laws or delegate to an appropriate body or agency the power to implement these provisions, as provided. The measure would provide that its provisions are severable. Digest Key Vote: 2/3 Appropriation: NO Fiscal Committee: YES Local Program: NO Bill Text WHEREAS, The Regents of the University of California have a successful, long-established homeownership loan program that is available for University of California executives and faculty; and WHEREAS, The program generates revenue for the University of California and does not require any state General Fund money nor have any impact on student tuition; now, therefore, be it Resolved by the Assembly, the Senate concurring, That the Legislature of the State of California at its 2025–26 Regular Session commencing on the second day of December 2024, two-thirds of the membership of each house concurring, hereby proposes to the people of the State of California, that the Constitution of the State be amended as follows: First— This measure shall be known, and may be cited, as the University of California First-Time Homebuyer Down Payment Loans for Support Staff. Second— That Section 9.1 is added to Article IX thereof, to read: SEC. 9.1. (a) Notwithstanding any other provision of this Constitution, on or before January 1, 2027, the regents shall extend a portion of the homeo
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