Roger Dickinson
- Democratic
Author
Existing law prescribes the instruments in, and criteria by which, a local agency, as defined, may invest and deposit its funds, including its surplus funds. Existing law authorizes a local agency to invest in certificates of deposit provided that they do not exceed 30% of the agency's funds that may be invested for this purpose, as specified. This bill would, until January 1, 2017, remove the term "certificates of deposit" and instead authorize a local agency to invest in deposits, as specified, and limit the amount of its funds that an agency may place with any one private sector entity that assists in the placement of deposits with one or more commercial banks, savings banks, savings and loan associations, or credit unions that are located in the United States. The bill would prescribe requirements for the financial institutions that a private sector entity is authorized to use.
Approved by the Governor.
Chaptered by Secretary of State - Chapter 228, Statutes of 2013.
Enrolled and presented to the Governor at 4:15 p.m.
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 77. Noes 0. Page 2576.).
In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 7 pursuant to Assembly Rule 77.
Read third time. Passed. Ordered to the Assembly. (Ayes 33. Noes 0. Page 1693.).
Read second time and amended. Ordered to third reading.
From committee: Do pass as amended. (Ayes 9. Noes 0.) (June 19).
Read second time and amended. Re-referred to Com. on B. & F.I.
From committee: Do pass as amended and re-refer to Com. on B. & F.I. (Ayes 7. Noes 0.) (June 5).
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on GOV. & F.
In committee: Set, first hearing. Hearing canceled at the request of author.
Referred to Coms. on GOV. & F. and B. & F.I.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 921.)
Read second time. Ordered to consent calendar.
From committee: Do pass. To consent calendar. (Ayes 12. Noes 0.) (April 8).
From committee: Do pass and re-refer to Com. on B. & F. (Ayes 9. Noes 0.) (April 3). Re-referred to Com. on B. & F.
From committee chair, with author's amendments: Amend, and re-refer to Com. on L. GOV. Read second time and amended.
From printer. May be heard in committee March 14.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB279 | HTML |
| 02/11/13 - Introduced | |
| 03/21/13 - Amended Assembly | |
| 05/29/13 - Amended Senate | |
| 06/11/13 - Amended Senate | |
| 06/26/13 - Amended Senate | |
| 08/23/13 - Enrolled | |
| 09/06/13 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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