california update urgent please read 5 7 01 sources report bond authorization put vote today bridge loan financing bill put vote today california assembly republicans currently caucus 3 30 pst go floor vote current situation fluid sources indicate bill would pass simple majority vote lacking two thirds needed immediate bond issuance case bill would take effect 90 days state would forced abandon proposed bridge loan plans absent last minute financial rescues davis new longer bridge loan package unlikely socal could seek voluntary bankruptcy main problem would waiting period financial relief state transmission line purchase assistance outside chance republican defectors could precipitate current caucus extreme pressure republicans davis angelides bill failed due lack republican support would provide davis opportunity blame republicans going expenditures 70 day power purchases possible bankruptcy socal last republican gave support democratic bill ab lx representative bill campbell lost job sources also confirm democrats met republicans bond issuance since last week