AB 81 passes fiscal cmte

----- Forwarded by Jeff Dasovich/NA/Enron on 06/06/2001 08:57 AM -----

"Chris Micheli" <cmicheli@carpentersnodgrass.com<
06/05/2001 05:04 PM

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cc:
Subject: AB 81 passes fiscal cmte

In a hearing off the Floor this afternoon, the Assembly Appropriations
Committee voted on a partisan basis (14-7) to pass AB 81 (Migden), which
would make power plants state-assessed. Please note that two amendments were
adopted by the author: (1) allocate property tax revenues derivbed from
state-assessed property according to the same formula used by county
assessors "in order to hold local agencies harmless." (2) Exempt
qualififying facilities from the bill "because QFs have never been subject to
state assessment." The bill will be on the Floor for Thursday morning's
session.

Chris Micheli, Esq.
Carpenter Snodgrass & Associates
1201 K Street, Suite 710
Sacramento, CA 95814
(916) 447-2251
FAX: (916) 445-5624
EMAIL: cmicheli@carpentersnodgrass.com