Ben Hueso
- Democratic
Author
Existing law authorizes the California Infrastructure and Economic Development Bank to enter into loan agreements with a sponsor or a participating party in order to finance a project related to infrastructure or economic development. Existing law requires the bank to submit an annual report to the Governor and the Joint Legislative Audit Committee on various topics related to the operation of the bank's projects. This bill would authorize the bank, upon appropriation by the Legislature, to enter into participation loan agreements, as defined, with financial institutions for the bank to purchase interests in loans made or held by financial institutions to small businesses. The bill would require the bank, if an appropriation is made to finance the participation loan program, to include in its annual report a summary of the participation loan agreement program, and would require the bank to also submit that portion of the report to the appropriate policy and fiscal committees of the Legislature. The bill would authorize the bank, upon appropriation by the Legislature, to enter into syndicated loan agreements, as defined.
In committee: Held under submission.
In committee: Placed on APPR. suspense file.
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on APPR.
In committee: Hearing postponed by committee.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 1.) (July 2). Re-referred to Com. on APPR.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 54. Noes 20. Page 5195.)
Read second time. Ordered to third reading.
From committee: Do pass as amended. (Ayes 12. Noes 5.) (May 25).
Read second time and amended. Ordered to second 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 3.) (April 23).
Read second time and amended.
From committee: Do pass as amended and re-refer to Com. on B. & F. (Ayes 4. Noes 2.) (April 17).
Referred to Coms. on J., E.D. & E. and B. & F.
Read first time.
From printer. May be heard in committee March 27.
Introduced. To print.
| Bill Text Versions | Format |
|---|---|
| AB2523 | HTML |
| 02/24/12 - Introduced | |
| 04/18/12 - Amended Assembly | |
| 04/26/12 - Amended Assembly | |
| 05/29/12 - Amended Assembly | |
| 08/06/12 - Amended Senate |
| Document | Format |
|---|---|
| No related documents. |
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