Roger Dickinson
- Democratic
Author
Existing law requires all moneys in the State Treasury or under control of the Treasurer belonging to or in the custody of the state to be deposited by the Treasurer to the credit of the state in eligible banks, as specified. Existing law authorizes the Treasurer to determine what amounts of money shall be deposited as time deposits or demand deposits. This bill would require the Treasurer to ensure that at least 30% of the moneys invested in the time deposit program are invested in time deposits with community banks, as defined to mean a bank or savings institution in California with aggregate assets of less than $10,000,000,000, and credit unions, subject to specified considerations and a reporting requirement and to the extent consistent with liquidity requirements and prudent management.
In committee: Hearing postponed by committee.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 50. Noes 23. Page 5042.)
From committee: Do pass. (Ayes 12. Noes 5.) (May 25).
Read second time. Ordered to third reading.
In committee: Set, first hearing. Referred to APPR. suspense file.
Read second time and amended.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 8. Noes 4.) (April 16).
From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.
From printer. May be heard in committee March 10.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB1617 | HTML |
| 02/08/12 - Introduced | |
| 04/09/12 - Amended Assembly | |
| 04/23/12 - Amended Assembly |
| Document | Format |
|---|---|
| No related documents. |
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