California 2009-2010 Regular Session Status: To Executive

SB 1344 — Local agency investments.

Last action — Chaptered by Secretary of State. Chapter 112, Statutes of 2010.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed Assembly
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2009-2010 Regular Session. It reached “To Executive” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Existing law prescribes the instruments in, and criteria by, which local agencies, as defined, may invest surplus funds. Existing law authorizes, until January 1, 2012, the investment of up to 30% of those funds in certificates of deposit at a commercial bank, savings bank, savings and loan association, or credit union that uses a private sector entity that assists in the placement of certificates of deposit under specified conditions. This bill would delete the January 1, 2012, sunset date for these provisions, thereby extending the operation of these provisions indefinitely.

Bill Text

Action History

  1. Chaptered by Secretary of State. Chapter 112, Statutes of 2010.

  2. Approved by Governor.

  3. Enrolled. To Governor at 2 p.m.

  4. In Senate. To enrollment.

  5. Read third time. Passed. (Ayes 73. Noes 0. Page 5852.) To Senate.

  6. Read second time. To Consent Calendar.

  7. (Heard in committee on June 21.)

  8. From committee: Do pass. To Consent Calendar. (Ayes 12. Noes 0.)

  9. (Heard in Committee on June 16.)

  10. From committee: Do pass, but first be re-referred to Com. on B. & F. with recommendation: To Consent Calendar. (Ayes 9. Noes 0.) Re-referred to Com. on B. & F.

  11. To Coms. on L. GOV. and B. & F.

  12. In Assembly. Read first time. Held at Desk.

  13. Read third time. Passed. (Ayes 34. Noes 0. Page 3415.) To Assembly.

  14. To Special Consent Calendar.

  15. Read second time. To third reading.

  16. From committee: Do pass. (Ayes 9. Noes 0. Page 3292.)

  17. Set for hearing April 21.

  18. From committee: Do pass, but first be re-referred to Com. on B., F. & I. (Ayes 5. Noes 0. Page 3103.) Re-referred to Com. on B., F. & I.

  19. From committee with author's amendments. Read second time. Amended. Re-referred to Com. on L. GOV.

  20. Set for hearing April 7.

  21. To Coms. on L. GOV. and B., F. & I.

  22. From print. May be acted upon on or after March 22.

  23. Introduced. Read first time. To Com. on RLS. for assignment. To print.

Sponsors

  • Cogdill · Cosponsor
  • Cox · Cosponsor
  • Kehoe · Primary
  • Price · Cosponsor
  • Wiggins · Cosponsor

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 4 co-sponsors · 117 not signed on

Sponsors (1)

  • Kehoe

Co-sponsors (4)

  • Cogdill
  • Cox
  • Price
  • Wiggins

Not signed on (117)

117 members have not signed on to this bill.

Show all 117 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

SB 1344 Kehoe Consent Calendar Second Day Regular Session

Passed 84 Yea · 0 Nay · 7 Other
Party YeaNayPresentNot Voting
Unaffiliated 78007
Democratic 3000
Republican 3000
Total 84007
% of votes cast 92%0%0%8%
How each member voted (91)
Member Party Vote
Carter — Yea
Chesbro — Yea
Eng — Yea
Evans — Yea
Fuentes — Yea
Fuller — Yea
Conway — Yea
Cook — Yea
Coto — Yea
Bill — Yea
Tom — Yea
Furutani — Yea
Galgiani — Yea
Gilmore — Yea
Charles — Yea
Hagman — Yea
De — Yea
La — Yea
Torre — Yea
De — Yea
Leon — Yea
Fletcher — Yea
Fong — Yea
Ammiano — Yea
Beall — Yea
Davis — Yea
Yamada — Yea
V. — Yea
Manuel — Yea
Perez — Yea
Portantino — Yea
Salas — Yea
Saldana — Yea
Audra — Yea
John — Yea
A. — Yea
Perez — Yea
Bonnie — Not Voting
Lowenthal — Not Voting
Hall — Not Voting
Hayashi — Yea
Hill — Yea
Huber — Yea
Bass — Not Voting
Jeffries — Yea
Knight — Yea
Mendoza — Yea
Miller — Yea
Monning — Yea
Nava — Yea
Norby — Not Voting
Silva — Yea
Skinner — Yea
Smyth — Yea
Swanson — Yea
Torlakson — Yea
Torrico — Yea
Tran — Yea
Adams — Yea
Anderson — Yea
Blakeslee — Not Voting
Block — Yea
Blumenfield — Yea
Bradford — Not Voting
Brownley — Yea
Buchanan — Yea
Harkey — Yea
Hernandez — Yea
Huffman — Yea
Lieu — Yea
Logue — Yea
Ma — Yea
Nestande — Yea
Nielsen — Yea
Ruskin — Yea
Solorio — Yea
Torres — Yea
Villines — Yea
Feuer — Yea
DeVore — Yea
Garrick — Yea
Gatto — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
Bill Berryhill — Yea
Arambula, Joaquin Democratic Yea
Caballero, Anna M. Democratic Yea
Calderon, Lisa Democratic Yea
Jones, Brian W. Republican Yea
Niello, Roger W. Republican Yea
Strickland, Tony Republican Yea

Official roll call →

Do pass, to Consent Calendar.

Passed 12 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 11000
Republican 1000
Total 12000
% of votes cast 100%0%0%0%
How each member voted (12)
Member Party Vote
Fong — Yea
Eng — Yea
Evans — Yea
Fuentes — Yea
Mendoza — Yea
Nava — Yea
Ruskin — Yea
Torres — Yea
Harkey — Yea
Tran — Yea
Beth Gaines — Yea
Niello, Roger W. Republican Yea

Official roll call →

Special Consent #22 SB1344 Kehoe

Passed 35 Yea · 0 Nay · 4 Other
Party YeaNayPresentNot Voting
Unaffiliated 33003
Republican 1000
Democratic 1001
Total 35004
% of votes cast 90%0%0%10%
How each member voted (39)
Member Party Vote
Yee — Yea
Cogdill — Yea
Hancock — Yea
Corbett — Yea
Ducheny — Yea
Dutton — Yea
Wyland — Yea
Lowenthal — Yea
Negrete — Yea
Runner — Yea
Huff — Yea
Alquist — Not Voting
Leno — Yea
Liu — Yea
McLeod — Yea
Pavley — Yea
Simitian — Yea
Steinberg — Not Voting
Wolk — Yea
Aanestad — Yea
Ashburn — Yea
Harman — Yea
Hollingsworth — Yea
Kehoe — Yea
Oropeza — Yea
Price — Yea
Romero — Yea
Walters — Yea
Wiggins — Not Voting
Wright — Yea
Cedillo — Yea
Correa — Yea
Cox — Yea
DeSaulnier — Yea
Denham — Yea
Florez — Yea
Calderon, Lisa Democratic Not Voting
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Yea

Official roll call →

Do pass.

Passed 9 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Democratic 2000
Unaffiliated 7002
Total 9002
% of votes cast 82%0%0%18%
How each member voted (11)
Member Party Vote
Lowenthal — Yea
Runner — Yea
Cogdill — Yea
Correa — Yea
Kehoe — Yea
Liu — Not Voting
Price — Yea
Cox — Not Voting
Florez — Yea
Calderon, Lisa Democratic Yea
Padilla, Stephen C. Democratic Yea

Official roll call →

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 1344 do?
Existing law prescribes the instruments in, and criteria by, which local agencies, as defined, may invest surplus funds. Existing law authorizes, until January 1, 2012, the investment of up to 30% of those funds in certificates of deposit at a commercial bank, savings bank, savings and loan association, or credit union that uses a private sector entity that assists in the placement of certificates of deposit under specified conditions. This bill would delete the January 1, 2012, sunset date for these provisions, thereby extending the operation of these provisions indefinitely.
Who sponsors SB 1344?
SB 1344 is sponsored by Cogdill, Cox, Kehoe, Price, and Wiggins.
What is the current status of SB 1344?
This bill died with 2009-2010 Regular Session. It reached “To Executive” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 1344?
Track SB 1344 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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