Status: 09/10/2007-From committee with author's amendments. Read second time. Amended. Re-referred to Com. on RLS.
Existing law prohibits a pawnbroker from charging or receiving compensation at a rate exceeding specified amounts based upon the unpaid principal balance of the loan. Existing law also limits the loan setup fees a pawnbroker may charge. A knowing violation of the laws regulating pawnbrokers is a crime. This bill would revise these limits on pawnbroker compensation and loan setup fees. The bill would prohibit a pawnbroker from charging or receiving compensation at a rate exceeding 2.5% per month on the unpaid principal balance of any loan. The bill would also prohibit the loan setup fee from exceeding $5 or 2%, whichever is greater, for each loan and from exceeding $50. This bill contains other related provisions and other existing laws.
Position: Watch
Status: 09/07/2007-Read third time. Amended. To third reading. Re-referred to Coms. on TRANS. and APPR. pursuant to Assembly Rule 77.2.
Existing law creates the San Francisco Bay Area Water Transit Authority (WTA) with specified powers and duties relative to the development of a plan for implementation and operation of a water transit system on San Francisco Bay. This bill would repeal those provisions and establish the San Francisco Bay Area Water Emergency Transportation Authority (WETA) with specified powers and duties, including, but not limited to, the authority to, among other things, coordinate the emergency activities of all water transportation and related facilities within the bay area region, as defined. The bill would require the WTA to transfer, among other things, the title and ownership of all property within its control to the WETA. The bill would also require the transfer to the WETA of funds designated for the WTA and all public transportation ferries and related water transportation services and facilities within the bay area region, as specified. The bill would provide that the WETA is as fully entitled to new allocation or distribution of funds as if it were the WTA. The bill would require the WETA to be governed by a board composed of five members appointed by the Governor, the Senate Committee on Rules, and the Speaker of the Assembly , as specified, and would set forth various duties and powers of the board. The bill would require the WETA to create and adopt, in cooperation with the Metropolitan Transportation Commission and the State Office of Emergency Services, among other agencies, an emergency water transportation system management plan for water transportation services in the bay area region and a related transition plan, as specified. The bill would require adoption of the management plan on or before July 1, 2009, and adoption of the transition plan on or before January 1, 2009, and would require the WETA to provide a copy of the plans to each city and county in the bay area region at least 45 days prior to the plans' adoption. The bill would require the WETA to set fares for travel on the water transportation system it operates and would authorize the WETA to issue bonds, levy special benefit assessments, and borrow money, as specified. The bill would require that represented employees of the WTA become employees of the WETA and suffer no loss of employment or reduction in wages or health benefits, among other things. The bill would prescribe related matters with regard to the powers and duties of the WETA. This bill contains other related provisions and other existing laws.
Position: Watch