California 2011-2012 Regular Session Status: Passed Assembly

AB 1045 — Local government: bonds.

Last action — In committee: Set first hearing. Failed passage. Reconsideration granted.

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

This bill died with 2011-2012 Regular Session. It reached “Passed Assembly” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 prohibits an investment firm, as defined, from having specified interests in a new issuance of bonds from a local agency. This bill would prohibit a local agency from entering into a financial advisory, legal advisory, underwriting, or similar relationship with an individual or firm, with respect to a bond issue that requires voter approval on or after January 1, 2012, if that individual or firm, or an employee, agent, or person related to an employee or agent of the individual or firm, provided or will provide bond campaign services, as defined, to the bond campaign.

Bill Text

What changed in the latest version

1 added · 1 removed

1 line(s) added, 1 removed.

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Action History

  1. In committee: Set first hearing. Failed passage. Reconsideration granted.

  2. Referred to Com. on GOV. & F.

  3. In Senate. Read first time. To Com. on RLS. for assignment.

  4. Read third time. Passed. Ordered to the Senate. (Ayes 48. Noes 14. Page 1476.)

  5. Read second time. Ordered to third reading.

  6. From committee: Do pass. (Ayes 5. Noes 3.) (May 11).

  7. In committee: Set first hearing. Failed passage. Reconsideration granted.

  8. Referred to Com. on L. GOV.

  9. From printer. May be heard in committee March 22.

  10. Read first time. To print.

Sponsors

  • Norby · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 121 not signed on · 2 voted No

Sponsors (1)

  • Norby

Co-sponsors (0)

None.

Not signed on (121)

121 members have not signed on to this bill.

Show all 121 →

"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

Do pass.

Failed 1 Yea · 6 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 1602
Total 1602
% of votes cast 11%67%0%22%
How each member voted (9)
Member Party Vote
Hancock — Not Voting
DeSaulnier — Nay
Huff — Not Voting
Liu — Nay
Wolk — Nay
Hernandez — Nay
Kehoe — Nay
Fuller — Nay
La Malfa — Yea

Official roll call →

AB 1045 NORBY Assembly Third Reading

Passed 48 Yea · 14 Nay · 18 Other
Party YeaNayPresentNot Voting
Unaffiliated 4613018
Republican 2000
Democratic 0100
Total 4814018
% of votes cast 60%18%0%23%
How each member voted (80)
Member Party Vote
Halderman — Yea
Yamada — Nay
Campos — Nay
Fuentes — Yea
Furutani — Yea
Gatto — Yea
Gordon — Yea
Fong — Yea
Carter — Yea
Allen — Yea
Hagman — Yea
Hall — Yea
Portantino — Yea
John A. Pérez — Yea
Harkey — Yea
Fletcher — Yea
Hayashi — Yea
Hill — Nay
Bonilla — Nay
Atkins — Nay
Conway — Yea
Huber — Yea
Mitchell — Nay
Ammiano — Nay
Beall — Yea
Cook — Yea
Davis — Yea
Donnelly — Yea
Huffman — Yea
Knight — Yea
Lara — Yea
Miller — Yea
Monning — Nay
Olsen — Yea
Perea — Nay
Silva — Yea
Smyth — Yea
Torres — Yea
Valadao — Yea
Garrick — Not Voting
Butler — Not Voting
Gorell — Not Voting
Mendoza — Not Voting
Morrell — Nay
Cedillo — Not Voting
Chesbro — Not Voting
Dickinson — Not Voting
Skinner — Not Voting
Solorio — Not Voting
Achadjian — Yea
Alejo — Not Voting
Block — Nay
Blumenfield — Not Voting
Bradford — Yea
Brownley — Not Voting
Buchanan — Yea
Hueso — Yea
Jeffries — Yea
Logue — Yea
Ma — Not Voting
Mansoor — Yea
Nestande — Yea
Nielsen — Yea
Norby — Yea
Pan — Not Voting
Swanson — Nay
Wagner — Yea
Wieckowski — Not Voting
Williams — Not Voting
Eng — Not Voting
Feuer — Yea
Galgiani — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
Bonnie Lowenthal — Not Voting
Roger Hernández — Yea
V. Manuel Pérez — Nay
Calderon, Lisa Democratic Nay
Grove, Shannon Republican Yea
Jones, Brian W. Republican Yea

Official roll call →

Do pass.

Passed 5 Yea · 3 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 5301
Total 5301
% of votes cast 56%33%0%11%
How each member voted (9)
Member Party Vote
Gordon — Yea
Campos — Nay
Davis — Not Voting
Norby — Yea
Smyth — Yea
Alejo — Nay
Bradford — Yea
Hueso — Nay
Knight — Yea

Official roll call →

Do pass.

Failed 2 Yea · 2 Nay · 5 Other
Party YeaNayPresentNot Voting
Unaffiliated 2205
Total 2205
% of votes cast 22%22%0%56%
How each member voted (9)
Member Party Vote
Gordon — Not Voting
Hueso — Not Voting
Knight — Not Voting
Smyth — Yea
Alejo — Nay
Bradford — Not Voting
Norby — Yea
Campos — Nay
Davis — Not Voting

Official roll call →

Subjects

finance elections
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 AB 1045 do?
Existing law prohibits an investment firm, as defined, from having specified interests in a new issuance of bonds from a local agency. This bill would prohibit a local agency from entering into a financial advisory, legal advisory, underwriting, or similar relationship with an individual or firm, with respect to a bond issue that requires voter approval on or after January 1, 2012, if that individual or firm, or an employee, agent, or person related to an employee or agent of the individual or firm, provided or will provide bond campaign services, as defined, to the bond campaign.
Who sponsors AB 1045?
AB 1045 is sponsored by Norby.
What is the current status of AB 1045?
This bill died with 2011-2012 Regular Session. It reached “Passed Assembly” 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 AB 1045?
Track AB 1045 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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