California 2011-2012 Regular Session Status: Enacted

AB 981 — California Pollution Control Financing Authority: Capital Access Loan Program.

Last action — Chaptered by Secretary of State - Chapter 484, Statutes of 2011.

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

This bill has been enacted into law. Introduced February 18, 2011. Enacted.

Prognosis

Likely to advance 70% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 7 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

(1) Existing law establishes the Capital Access Loan Program for small businesses, administered by the California Pollution Control Financing Authority (authority) , which provides loans through participating financial institutions to qualifying small businesses. This bill would expand the definition of financial institution for purposes of the program to include depository institutions, insured credit unions, and community development financial institutions, as defined pursuant to federal law. (2) Existing law requires the authority to create a loss reserve account for each financial institution in order to provide protection against loss. The loss reserve account for a financial institution consists of moneys paid as fees by borrowers and the financial institution, moneys transferred to the account from a small business assistance fund, matching federal moneys, and other moneys provided by the authority or other source. The authority is authorized to withdraw from the loss reserve account all interest or other income that has been credited to the loss reserve account, to be used for the sole purpose of offsetting costs associated with carrying out the program, including administrative costs and loss reserve account contributions. This bill would also authorize the authority to withdraw a portion of the interest or other income that has been credited to the loss reserve account. (3) Existing law requires the authority, if matching funds are not available, to transfer to the loss reserve account an amount that is not less than the amount of the fees paid by the participating financial institution. If the qualified business is located within a severely affected community, as defined, the authority is required to transfer to the loss reserve account an amount equal to 150% of the amount of the fees paid by the participating financial institution. This bill would instead require the authority to contribute an amount not less than 150% of the amount of the fees paid by the participating financial institution, if the qualified business is located within a severely affected community. (4) This bill would incorporate additional changes in Section 44559.1 of the Health and Safety Code proposed by AB 901, to be operative only if AB 901 and this bill are both chaptered and become effective on or before January 1, 2012, and this bill is chaptered last.

Bill Text

Action History

  1. Chaptered by Secretary of State - Chapter 484, Statutes of 2011.

  2. Approved by the Governor.

  3. Enrolled and presented to the Governor at 12:30 p.m.

  4. Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 1. Page 3082.).

  5. In Assembly. Concurrence in Senate amendments pending.

  6. Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 2363.).

  7. Read second time. Ordered to third reading.

  8. Read third time and amended. Ordered to second reading.

  9. Ordered to third reading.

  10. From Special Consent Calendar pursuant to Joint Rule 22.2.

  11. Ordered to special consent calendar.

  12. Read second time. Ordered to third reading.

  13. From committee: Be placed on second reading file pursuant to Senate Rule 28.8.

  14. In committee: Hearing postponed by committee.

  15. In committee: Set, first hearing. Hearing canceled at the request of author.

  16. From committee: Do pass and re-refer to Com. on APPR. (Ayes 12. Noes 0.) (June 14). Re-referred to Com. on APPR.

  17. Referred to Com. on G.O.

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

  19. Read third time. Passed. Ordered to the Senate. (Ayes 75. Noes 0. Page 1567.)

  20. Read second time. Ordered to consent calendar.

  21. From committee: Do pass. To consent calendar. (Ayes 17. Noes 0.) (May 18).

  22. From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (May 3). Re-referred to Com. on APPR.

  23. Re-referred to Com. on J., E.D. & E. pursuant to Assembly Rule 96.

  24. From committee: Do pass and re-refer to Com. on APPR. (Ayes 12. Noes 0.) (April 25). Re-referred to Com. on APPR.

  25. Referred to Com. on B. & F.

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

  27. Read first time. To print.

Sponsors

  • Hueso · Primary

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 121 not signed on

Sponsors (1)

  • Hueso

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

AB 981 HUESO Concurrence in Senate Amendments

Passed 78 Yea · 1 Nay · 1 Other
Party YeaNayPresentNot Voting
Republican 2000
Unaffiliated 75101
Democratic 1000
Total 78101
% of votes cast 98%1%0%1%
How each member voted (80)
Member Party Vote
Hagman — Yea
Feuer — Yea
Garrick — Yea
Yamada — Yea
Huber — Yea
Hueso — Yea
John A. Pérez — Yea
Mitchell — Yea
Knight — Yea
Atkins — Yea
Butler — Yea
Mendoza — Yea
Miller — Yea
Portantino — Yea
Campos — Yea
Allen — Yea
Pan — Yea
Alejo — Yea
Bradford — Yea
Carter — Yea
Cedillo — Yea
Chesbro — Yea
Cook — Yea
Davis — Yea
Donnelly — Yea
Silva — Yea
Solorio — Yea
Valadao — Yea
Wieckowski — Yea
Bonilla — Yea
Fong — Yea
Fletcher — Yea
Furutani — Yea
Galgiani — Yea
Gordon — Yea
Gorell — Not Voting
Halderman — Nay
Hall — Yea
Harkey — Yea
Monning — Yea
Morrell — Yea
Nestande — Yea
Nielsen — Yea
Norby — Yea
Smyth — Yea
Torres — Yea
Achadjian — Yea
Ammiano — Yea
Beall — Yea
Block — Yea
Blumenfield — Yea
Brownley — Yea
Buchanan — Yea
Hayashi — Yea
Hill — Yea
Huffman — Yea
Jeffries — Yea
Lara — Yea
Logue — Yea
Ma — Yea
Mansoor — Yea
Olsen — Yea
Perea — Yea
Skinner — Yea
Swanson — Yea
Wagner — Yea
Williams — Yea
Conway — Yea
Eng — Yea
Dickinson — Yea
Fuentes — Yea
Gatto — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
Bonnie Lowenthal — Yea
Roger Hernández — Yea
V. Manuel Pérez — Yea
Calderon, Lisa Democratic Yea
Grove, Shannon Republican Yea
Jones, Brian W. Republican Yea

Official roll call →

3rd Reading AB981 Hueso By De León

Passed 37 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 34003
Republican 1000
Democratic 2000
Total 37003
% of votes cast 93%0%0%8%
How each member voted (40)
Member Party Vote
Yee — Yea
Wyland — Yea
Cannella — Yea
Runner — Yea
Lowenthal — Yea
De León — Yea
Fuller — Yea
Negrete McLeod — Yea
Rubio — Yea
Hancock — Yea
Harman — Yea
Hernandez — Yea
Kehoe — Yea
Alquist — Yea
Anderson — Yea
Blakeslee — Yea
Dutton — Yea
Leno — Not Voting
Lieu — Yea
Liu — Yea
Pavley — Yea
Price — Yea
Simitian — Yea
Vargas — Yea
Walters — Not Voting
Wright — Not Voting
Huff — Yea
Steinberg — Yea
Wolk — Yea
Corbett — Yea
Emmerson — Yea
Correa — Yea
Evans — Yea
DeSaulnier — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
La Malfa — Yea
Calderon, Lisa Democratic Yea
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Yea

Official roll call →

Do pass, but re-refer to the Committee on Appropriations.

Passed 12 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 9001
Republican 1000
Democratic 2000
Total 12001
% of votes cast 92%0%0%8%
How each member voted (13)
Member Party Vote
Yee — Yea
Hernandez — Yea
De León — Yea
Cannella — Yea
Corbett — Yea
Wright — Yea
Anderson — Yea
Wyland — Yea
Evans — Yea
Bill Berryhill — Not Voting
Calderon, Lisa Democratic Yea
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Yea

Official roll call →

AB 981 HUESO Consent Calendar Second Day

Passed 75 Yea · 0 Nay · 5 Other
Party YeaNayPresentNot Voting
Unaffiliated 73004
Democratic 1000
Republican 1001
Total 75005
% of votes cast 94%0%0%6%
How each member voted (80)
Member Party Vote
Gorell — Not Voting
Halderman — Yea
Butler — Yea
Carter — Yea
Eng — Yea
Conway — Yea
Cook — Yea
Huber — Yea
Fong — Yea
Allen — Yea
Brownley — Yea
Olsen — Yea
Wagner — Yea
Williams — Yea
Galgiani — Yea
Campos — Not Voting
Portantino — Yea
John A. Pérez — Yea
Mitchell — Yea
Fletcher — Yea
Gatto — Yea
Cedillo — Not Voting
Bonilla — Yea
Atkins — Yea
Gordon — Yea
Hagman — Yea
Hall — Yea
Beall — Yea
Chesbro — Yea
Hayashi — Yea
Davis — Not Voting
Dickinson — Yea
Donnelly — Yea
Hueso — Yea
Huffman — Yea
Jeffries — Yea
Knight — Yea
Lara — Yea
Ma — Yea
Mendoza — Yea
Miller — Yea
Monning — Yea
Morrell — Yea
Nestande — Yea
Norby — Yea
Pan — Yea
Silva — Yea
Skinner — Yea
Solorio — Yea
Swanson — Yea
Valadao — Yea
Wieckowski — Yea
Achadjian — Yea
Alejo — Yea
Ammiano — Yea
Block — Yea
Blumenfield — Yea
Bradford — Yea
Buchanan — Yea
Harkey — Yea
Hill — Yea
Logue — Yea
Mansoor — Yea
Nielsen — Yea
Perea — Yea
Smyth — Yea
Torres — Yea
Feuer — Yea
Fuentes — Yea
Furutani — Yea
Garrick — Yea
Yamada — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
Bonnie Lowenthal — Yea
Roger Hernández — Yea
V. Manuel Pérez — Yea
Calderon, Lisa Democratic Yea
Grove, Shannon Republican Yea
Jones, Brian W. Republican Not Voting

Official roll call →

Do pass, to Consent Calendar.

Passed 17 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 16000
Democratic 1000
Total 17000
% of votes cast 100%0%0%0%
How each member voted (17)
Member Party Vote
Gatto — Yea
Hall — Yea
Harkey — Yea
Hill — Yea
Lara — Yea
Mitchell — Yea
Campos — Yea
Davis — Yea
Donnelly — Yea
Smyth — Yea
Blumenfield — Yea
Bradford — Yea
Nielsen — Yea
Solorio — Yea
Wagner — Yea
Fuentes — Yea
Calderon, Lisa Democratic Yea

Official roll call →

Subjects

finance environment labor
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 981 do?
(1) Existing law establishes the Capital Access Loan Program for small businesses, administered by the California Pollution Control Financing Authority (authority) , which provides loans through participating financial institutions to qualifying small businesses. This bill would expand the definition of financial institution for purposes of the program to include depository institutions, insured credit unions, and community development financial institutions, as defined pursuant to federal law. (2) Existing law requires the authority to create a loss reserve account for each financial institution in order to provide protection against loss. The loss reserve account for a financial institution consists of moneys paid as fees by borrowers and the financial institution, moneys transferred to the account from a small business assistance fund, matching federal moneys, and other moneys provided by the authority or other source. The authority is authorized to withdraw from the loss reserve account all interest or other income that has been credited to the loss reserve account, to be used for the sole purpose of offsetting costs associated with carrying out the program, including administrative costs and loss reserve account contributions. This bill would also authorize the authority to withdraw a portion of the interest or other income that has been credited to the loss reserve account. (3) Existing law requires the authority, if matching funds are not available, to transfer to the loss reserve account an amount that is not less than the amount of the fees paid by the participating financial institution. If the qualified business is located within a severely affected community, as defined, the authority is required to transfer to the loss reserve account an amount equal to 150% of the amount of the fees paid by the participating financial institution. This bill would instead require the authority to contribute an amount not less than 150% of the amount of the fees paid by the participating financial institution, if the qualified business is located within a severely affected community. (4) This bill would incorporate additional changes in Section 44559.1 of the Health and Safety Code proposed by AB 901, to be operative only if AB 901 and this bill are both chaptered and become effective on or before January 1, 2012, and this bill is chaptered last.
Who sponsors AB 981?
AB 981 is sponsored by Hueso.
What is the current status of AB 981?
This bill has been enacted into law. Introduced February 18, 2011. Enacted.
Where can I track AB 981?
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