AB 2612

Bill Subjects

Governor's Office Of Business And Economic Development International Trade And Investment

Abstract

Existing law requires the Governor's Office of Business and Economic Development (GO-Biz) to develop and implement an International Trade and Investment Program and authorizes the director of GO-Biz to establish international trade and investment offices, as specified. Existing law authorizes GO-Biz to accept nonstate moneys for the purposes of operating an international trade and investment office, as specified. Existing law requires GO-Biz to post a report on its internet website for each donation that it receives to fund an international trade and investment office that is funded in whole or in part by nonstate funds, as specified, or operated under a contract with a nonprofit entity, as specified, and for each donation that it receives for the purposes of promoting international trade and investment events, as specified, within 30 days of receiving those donations. This bill would instead require GO-Biz to post the above-described reports on its internet website from within 15 days of GO-Biz receiving those donations. Existing law authorizes GO-Biz to contract with a nonprofit entity to operate an international trade and investment office. Existing law requires a contract for that purpose to, among other things, require the nonprofit entity to provide GO-Biz with specified information sufficient to satisfy the internet website posting requirement described above within 30 days of the receipt by the nonprofit of each donation used to fund an international trade and investment office. This bill would instead require the contract to require the nonprofit entity to provide GO-Biz with the specified information sufficient to satisfy the internet posting requirement within 15 days of the nonprofit receiving those donations.