California 2009-2010 Regular Session Status: To Executive

SB 66 — California Small Business Expansion Fund.

Last action — Chaptered by Secretary of State. Chapter 637, Statutes of 2009.

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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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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

The California Small Business Financial Development Corporation Law authorizes the formation of small business financial development corporations to grant loans or loan guarantees for the purpose of stimulating small business development. The California Small Business Expansion Fund, which is a continuously appropriated fund created under that law, provides funds to be used to pay for defaulted loan guarantees and administrative costs of these corporations, among other investments. Existing law authorizes moneys in that fund to be paid out to a lending institution or financial company that will act as trustee of the funds, as specified. Existing law, effective July 28, 2009, makes state money, as defined, in the California Small Business Expansion Fund and the trust fund unavailable for new loans, loan guarantees, or other investments and requires state money not needed to guarantee existing loans, to administer existing loans, or for other existing investments, as determined by the Director of Finance, to revert to the General Fund. This bill would specify that upon the reversion to the General Fund of a total of $8,300,000, the prohibition on the use of state money in these funds and the reversion requirement shall become inoperative. By making money in excess of that amount available from the fund for purposes of loans, loan guarantees, and other investments, the bill would make an appropriation. This bill would declare that it is to take effect immediately as an urgency statute.

Bill Text

Action History

  1. Chaptered by Secretary of State. Chapter 637, Statutes of 2009.

  2. Approved by Governor.

  3. Enrolled. To Governor at 11:30 a.m.

  4. Senate concurs in Assembly amendments. (Ayes 37. Noes 0. Page 2524.) To enrollment.

  5. Urgency clause adopted.

  6. (Ayes 39. Noes 0. Page 2449.)

  7. Reconsideration granted.

  8. Motion to reconsider made by Senator Price.

  9. Senate refuses to concur in Assembly amendments. (Ayes 26. Noes 0. Page 2449.)

  10. Urgency clause refused adoption.

  11. In Senate. To unfinished business.

  12. Read third time. Urgency clause adopted. Passed. (Ayes 77. Noes 1. Page 3326.) To Senate.

  13. Read third time. Amended. (Page 3039.) To third reading.

  14. From inactive file to third reading file.

  15. Notice of motion to remove from inactive file given by Assembly Member Krekorian.

  16. Placed on inactive file on request of Assembly Member Krekorian.

  17. Read second time. To third reading.

  18. Placed on second reading file.

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

  20. Read third time. Passed. (Ayes 22. Noes 14. Page 510.) To Assembly.

  21. Read second time. To third reading.

  22. Placed on second reading file.

  23. Withdrawn from committee.

  24. To Com. on RLS.

  25. Read first time.

  26. From print. May be acted upon on or after February 20.

  27. Introduced. To Com. on RLS. for assignment. To print.

Sponsors

  • Block · Cosponsor
  • V. Manuel Perez · Cosponsor
  • Price · Primary

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 2 co-sponsors · 119 not signed on · 1 voted No

Sponsors (1)

  • Price

Co-sponsors (2)

  • Block
  • V. Manuel Perez

Not signed on (119)

119 members have not signed on to this bill.

Show all 119 →

"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

Unfinished Business SB66 Price Urgency Clause

Passed 38 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 36002
Democratic 1001
Republican 1000
Total 38003
% of votes cast 93%0%0%7%
How each member voted (41)
Member Party Vote
Yee — Yea
Cedillo — Yea
Cogdill — Yea
Hancock — Yea
Hollingsworth — Yea
Huff — Yea
Wyland — Yea
Lowenthal — Yea
Negrete — Yea
Runner — Yea
Kehoe — Yea
Leno — Yea
Ducheny — Yea
Liu — Yea
McLeod — Yea
Oropeza — Yea
Alquist — Yea
Ashburn — Yea
Benoit — Yea
Dutton — Yea
Pavley — Yea
Price — Yea
Simitian — Yea
Walters — Yea
Wiggins — Yea
Wright — Yea
Aanestad — Yea
Harman — Yea
Maldonado — Yea
Romero — Yea
Steinberg — Not Voting
Wolk — Yea
Corbett — Yea
Correa — Yea
Cox — Yea
DeSaulnier — Yea
Denham — Yea
Florez — Not Voting
Calderon, Lisa Democratic Yea
Padilla, Stephen C. Democratic Not Voting
Strickland, Tony Republican Yea

Official roll call →

Unfinished Supp 1 SB66 Price Reconsider

Passed 39 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 36002
Democratic 2000
Republican 1000
Total 39002
% of votes cast 95%0%0%5%
How each member voted (41)
Member Party Vote
Hancock — Yea
Cedillo — Yea
Florez — Yea
Cogdill — Yea
Corbett — Yea
Ducheny — Yea
Alquist — Yea
Benoit — Yea
Dutton — Yea
Yee — Yea
Lowenthal — Yea
Runner — Yea
Negrete — Not Voting
Huff — Yea
Leno — Yea
Liu — Yea
McLeod — Not Voting
Oropeza — Yea
Pavley — Yea
Price — Yea
Romero — Yea
Walters — Yea
Wiggins — Yea
Wright — Yea
Aanestad — Yea
Ashburn — Yea
Harman — Yea
Hollingsworth — Yea
Kehoe — Yea
Maldonado — Yea
Simitian — Yea
Steinberg — Yea
Wolk — Yea
Wyland — Yea
Correa — Yea
Cox — Yea
DeSaulnier — Yea
Denham — Yea
Calderon, Lisa Democratic Yea
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Yea

Official roll call →

Unfinished Supp 1 SB66 Price Urgency Clause

Failed 27 Yea · 0 Nay · 14 Other
Party YeaNayPresentNot Voting
Unaffiliated 250013
Democratic 2000
Republican 0001
Total 270014
% of votes cast 66%0%0%34%
How each member voted (41)
Member Party Vote
Yee — Yea
Hancock — Yea
Lowenthal — Yea
Negrete — Yea
Cedillo — Yea
Hollingsworth — Not Voting
Huff — Not Voting
Kehoe — Yea
Liu — Yea
McLeod — Yea
Runner — Not Voting
Cogdill — Not Voting
Corbett — Yea
Oropeza — Yea
Price — Yea
Romero — Yea
Simitian — Yea
Walters — Not Voting
Wolk — Yea
Benoit — Not Voting
Correa — Yea
Ducheny — Yea
Dutton — Not Voting
Wright — Yea
Aanestad — Not Voting
Alquist — Yea
Ashburn — Not Voting
Harman — Not Voting
Leno — Yea
Maldonado — Yea
Pavley — Yea
Steinberg — Yea
Wiggins — Yea
Wyland — Not Voting
Cox — Not Voting
DeSaulnier — Yea
Denham — Not Voting
Florez — Yea
Calderon, Lisa Democratic Yea
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Not Voting

Official roll call →

SB 66 Price Third Reading Urgency By PEREZ, V.M.

Passed 89 Yea · 1 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 83101
Democratic 3000
Republican 3000
Total 89101
% of votes cast 98%1%0%1%
How each member voted (91)
Member Party Vote
Hall — Yea
Carter — Yea
Chesbro — Yea
Conway — Yea
Cook — Yea
Bill — Yea
Tom — Yea
Evans — Yea
Feuer — Yea
Fuller — Yea
Furutani — Yea
Charles — Yea
Garrick — Yea
Gilmore — Yea
Harkey — Yea
Hayashi — Yea
Hill — Yea
Huber — Yea
De — Yea
La — Yea
Torre — Yea
De — Yea
Leon — Yea
Jeffries — Yea
Fletcher — Yea
Fong — Yea
Bonnie — Yea
Lowenthal — Yea
V. — Yea
Manuel — Yea
Perez — Yea
John — Yea
A. — Yea
Perez — Yea
Portantino — Yea
Salas — Yea
Ammiano — Yea
Beall — Yea
Blakeslee — Yea
Coto — Yea
Davis — Yea
DeVore — Yea
Knight — Yea
Lieu — Yea
Logue — Yea
Mendoza — Yea
Miller — Yea
Nava — Yea
Nestande — Yea
Ruskin — Yea
Saldana — Yea
Audra — Yea
Hagman — Not Voting
Nielsen — Nay
Silva — Yea
Smyth — Yea
Solorio — Yea
Swanson — Yea
Bass — Yea
Torlakson — Yea
Torrico — Yea
Tran — Yea
Adams — Yea
Anderson — Yea
Block — Yea
Blumenfield — Yea
Bradford — Yea
Brownley — Yea
Buchanan — Yea
Hernandez — Yea
Huffman — Yea
Krekorian — Yea
Ma — Yea
Monning — Yea
Skinner — Yea
Torres — Yea
Villines — Yea
Emmerson — Yea
Eng — Yea
Yamada — Yea
Fuentes — Yea
Galgiani — 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 →

Senate 3rd Reading SB66 Committee on B. & F.R. (Ducheny)

Passed 23 Yea · 14 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 211302
Democratic 2001
Republican 0100
Total 231403
% of votes cast 58%35%0%8%
How each member voted (40)
Member Party Vote
Yee — Yea
Hancock — Yea
Kehoe — Yea
Leno — Yea
Liu — Yea
Alquist — Yea
Ducheny — Yea
Negrete — Yea
Wyland — Nay
Runner — Nay
Harman — Nay
Hollingsworth — Nay
Huff — Nay
Cogdill — Nay
McLeod — Yea
Ashburn — Nay
Benoit — Nay
Dutton — Nay
Walters — Nay
Wiggins — Yea
Wright — Yea
Aanestad — Nay
Maldonado — Not Voting
Oropeza — Yea
Pavley — Yea
Romero — Yea
Simitian — Yea
Steinberg — Yea
Wolk — Yea
Cedillo — Not Voting
Corbett — Yea
Correa — Yea
Cox — Nay
DeSaulnier — Yea
Denham — Nay
Florez — Yea
Calderon, Lisa Democratic Not Voting
Lowenthal, Josh Democratic Yea
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Nay

Official roll call →

Subjects

finance labor
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Frequently asked questions

What does SB 66 do?
The California Small Business Financial Development Corporation Law authorizes the formation of small business financial development corporations to grant loans or loan guarantees for the purpose of stimulating small business development. The California Small Business Expansion Fund, which is a continuously appropriated fund created under that law, provides funds to be used to pay for defaulted loan guarantees and administrative costs of these corporations, among other investments. Existing law authorizes moneys in that fund to be paid out to a lending institution or financial company that will act as trustee of the funds, as specified. Existing law, effective July 28, 2009, makes state money, as defined, in the California Small Business Expansion Fund and the trust fund unavailable for new loans, loan guarantees, or other investments and requires state money not needed to guarantee existing loans, to administer existing loans, or for other existing investments, as determined by the Director of Finance, to revert to the General Fund. This bill would specify that upon the reversion to the General Fund of a total of $8,300,000, the prohibition on the use of state money in these funds and the reversion requirement shall become inoperative. By making money in excess of that amount available from the fund for purposes of loans, loan guarantees, and other investments, the bill would make an appropriation. This bill would declare that it is to take effect immediately as an urgency statute.
Who sponsors SB 66?
SB 66 is sponsored by Block, V. Manuel Perez, and Price.
What is the current status of SB 66?
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 66?
Track SB 66 free on One Click Politics — get push/email alerts when it moves.

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