Joint powers agreements: nonprofit housing developers.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Enrolled
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill expands the ability of nonprofit housing developers to participate in joint powers agreements with public agencies. It allows these developers to pool risks and access insurance through these agreements, similar to how other public entities and mutual water companies currently do. The bill includes provisions to protect public agencies from assuming the debts or liabilities of the joint powers agreement and ensures that any revenue generated is used for supporting the members’ risk management capabilities.
Key provisions
- Allows nonprofit housing developers to enter into joint powers agreements with public agencies.
- Expands the types of entities authorized to participate in joint powers agreements for risk pooling.
- Requires agreements to protect public agencies from liability for joint powers agreements.
- Mandates that any revenue generated by the joint powers agreement be used for technical support, training, and advisory services for members.
- Clarifies that pooling of self-insured claims is not considered insurance.
- Permits reinsurance of liabilities under joint powers agreements.
Who is affected
- Nonprofit housing developers
- Public agencies
- Mutual water companies
- Local public entities
- Insurance providers
Notable changes
- Adds nonprofit housing developers as a new entity eligible to participate in joint powers agreements.
Bill text
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Sponsors
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1 on record
Primary sponsor
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