The purpose of the securitization is to allow impacted local agencies an alternate means for receiving 100 percent of the amounts due to them at the time at which they would otherwise be impacted by property tax shifts. There is no cost to participate in the securitization program, as all such costs will be covered by the state.
The Proposition 1A Securitization Program is being offered by CA Communities in cooperation with the California Special Districts Association, California State Association of Counties, and the League of California Cities.
Webinars have been scheduled regarding the CA Communities Proposition 1A Securitization Program. Register for a webinar session now by clicking a date below:
Registration is required. There is no cost to register and participate in a Proposition 1A informational webinar. Once you have registered, you will receive an e-mail confirmation with login instructions for the webinar.
The same presentation will be held on both dates. During each webinar, participants may submit written questions using a chat feature and may ask verbal questions at the conclusion. After each webinar, a recorded version will be available on the CA Communities website.
Proposition 1A financing team introductions
Overview of ABX4 14 and ABX4 15
Proposition 1A Securitization Program
Options available to local agencies
James Hamill – CA Communities
Paul McIntosh and Jean Hurst – CSAC
John Knox – Orrick, Herrington & Sutcliffe
Ian Parker – Goldman Sachs
Catherine Bando – Greencoast Capital Partners
On-line Request for More Information
Click here to register as an interested party and to receive additional information about the Proposition 1A Securitization Program. Registration as an interested party does not obligate your local agency to participate in the program.
Click here for FAQs on the Proposition 1A Securitization Program.