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February 1, 1987 - State Bonds After Federal Tax Reform
April 1, 1986 - During the past several years, the Legislature has authorized a major expansion of the state's prison system. This expansion provides for 12 new prisons and additions to existing prisons which will cost more than $1.5 billion to build and about $750 million annually to operate. This report examines the Department of Corrections' progress in bringing these prisons on line.
February 20, 1986 - We believe that the best long-term solution to financing the construction and reconstruction of local school facilities is to return the primary responsibility for raising revenues to the local school districts themselves. In this piece, we discuss how this can be accomplished, while conforming to the principles of equity in school finance enunciated by the California Supreme Court in Serrano v. Priest.
February 1, 1986 - State and Local Borrowing
February 1, 1986 - New Prison Construction
June 1, 1985 - In 1980, the California Legislature enacted AB 1404 (Chapter 1328, Statutes of 1980), which shortened the time period over which certain cogeneration equipment can be depreciated for California tax purposes. Specifically, AB 1404 provides that certain cogeneration equipment placed in service before January 1, 1986, can be depreciated over either a one-year or five-year period when the equipment is located in-state, and over a five-year period when the equipment is located out-of-state. Prior to AB 1404, the amortization period for cogeneration equipment corresponded to the useful economic life of the equipment. This could be as much as 20 years or more.
February 1, 1985 - State and Local Borrowing
February 1, 1985 - The Condition of The State's Infrastructure
January 1, 1985 - This report was prepared in response to the directive contained in Chapter 323. Chapter I provides background information on the use of mortgage revenue bonds (MRBs) in California and on the federal government's role in regulating their issuance. In Chapter II, we discuss state and local data relating to units produced and households assisted under these housing programs. Chapter III examines the fiscal and policy issues associated with the use of tax-exempt mortgage revenue bonds.