California 2011-2012 Regular Session Status: Enacted

SB 79 — State funds: State Agency Investment Fund.

Last action — Chaptered by Secretary of State. Chapter 142, Statutes of 2011.

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

This bill has been enacted into law. Introduced January 10, 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 4 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 provides for the investment of certain state moneys by the Treasurer through the Pooled Money Investment Account, according to specified criteria. This bill would create the State Agency Investment Fund in the State Treasury, for the receipt of deposits by state agencies of up to $500,000,000 each, from moneys not required by law to be deposited in the Pooled Money Investment Account, for a total of $10,000,000,000 in the fund at any one time. It would authorize the Director of Finance, in consultation with the Treasurer, to set certain terms and conditions for the deposits, and require the Treasurer to invest the moneys held in the fund through the Pooled Money Investment Account, according to specified criteria. It would continuously appropriate moneys in the fund to the Controller for the payment of interest expenditures and the return of deposits to depositors. (2) The Administrative Procedure Act governs the procedure for the adoption, amendment, or repeal of regulations by state agencies and for the review of those regulatory actions by the Office of Administrative Law, subject to specified criteria. This bill would exempt activities conducted by the Director of Finance, in consultation with the Treasurer, in implementing and administering the investment program provided for in the bill from the provisions of the act. (3) This bill would declare that it is to take effect immediately as a bill providing for appropriations related to the Budget Bill.

Bill Text

Action History

  1. Chaptered by Secretary of State. Chapter 142, Statutes of 2011.

  2. Approved by the Governor.

  3. Enrolled and presented to the Governor at 1 p.m.

  4. Assembly amendments concurred in. (Ayes 23. Noes 15. Page 1860.) Ordered to engrossing and enrolling.

  5. From committee: That the Assembly amendments be concurred in. (Ayes 10. Noes 5. Page 1871.)

  6. From committee: Be re-referred to Com. on B. & F.R. pursuant to Senate Rule 29.10. (Ayes 5. Noes 0. Page 1844.) Re-referred to Com. on B. & F.R.

  7. Re-referred to Com. on RLS. pursuant to Senate Rule 29.10.

  8. In Senate. Concurrence in Assembly amendments pending.

  9. Read third time. Passed. (Ayes 46. Noes 27. Page 2263.) Ordered to the Senate.

  10. Ordered to third reading.

  11. Withdrawn from committee.

  12. Assembly Rule 96 suspended. (Ayes 49. Noes 26. Page 2244.)

  13. From committee with author's amendments. Read second time and amended. Re-referred to Com. on BUDGET.

  14. From committee with author's amendments. Read second time and amended. Re-referred to Com. on BUDGET.

  15. From committee with author's amendments. Read second time and amended. Re-referred to Com. on BUDGET.

  16. From committee with author's amendments. Read second time and amended. Re-referred to Com. on BUDGET.

  17. Referred to Com. on BUDGET.

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

  19. Read third time. Passed. (Ayes 22. Noes 2. Page 167.) Ordered to the Assembly.

  20. Read second time. Ordered to third reading.

  21. Ordered to second reading.

  22. Withdrawn from committee.

  23. Referred to Com. on RLS.

  24. From printer. May be acted upon on or after February 10.

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

Sponsors

  • Committee on Budget and Fiscal Review · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 121 not signed on · 6 voted No

Sponsors (1)

  • Committee on Budget and Fiscal Review

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

From committee: That the Assembly Amendments be concurred in.

Passed 10 Yea · 5 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 10501
Total 10501
% of votes cast 63%31%0%6%
How each member voted (16)
Member Party Vote
Evans — Yea
Hancock — Yea
Rubio — Yea
Lowenthal — Yea
Alquist — Yea
Leno — Yea
Liu — Yea
Wolk — Not Voting
Wright — Yea
Anderson — Nay
Huff — Nay
Simitian — Yea
Emmerson — Nay
DeSaulnier — Yea
Fuller — Nay
La Malfa — Nay

Official roll call →

Unfinished Business SB79 Committee on B. & F.R. (Leno) Concurrence

Passed 23 Yea · 15 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 211402
Democratic 2000
Republican 0100
Total 231502
% of votes cast 58%38%0%5%
How each member voted (40)
Member Party Vote
Yee — Yea
Hancock — Yea
Lowenthal — Yea
De León — Yea
Negrete McLeod — Yea
Rubio — Yea
Lieu — Yea
Liu — Yea
Pavley — Yea
Price — Yea
Simitian — Yea
Steinberg — Yea
Wyland — Nay
Cannella — Nay
Harman — Not Voting
Correa — Not Voting
Huff — Nay
Runner — Nay
Anderson — Nay
Dutton — Nay
Walters — Nay
Alquist — Yea
Blakeslee — Nay
Hernandez — Yea
Kehoe — Yea
Leno — Yea
Vargas — Yea
Wolk — Nay
Wright — Yea
Corbett — Yea
Emmerson — Nay
Evans — Yea
DeSaulnier — Yea
Fuller — Nay
Beth Gaines — Nay
Bill Berryhill — Nay
La Malfa — Nay
Calderon, Lisa Democratic Yea
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Nay

Official roll call →

SB 79 B. & F. R. Senate Third Reading By BLUMENFIELD

Passed 46 Yea · 27 Nay · 7 Other
Party YeaNayPresentNot Voting
Republican 0200
Unaffiliated 452507
Democratic 1000
Total 462707
% of votes cast 58%34%0%9%
How each member voted (80)
Member Party Vote
Hall — Yea
Eng — Yea
Butler — Yea
Hill — Yea
Cedillo — Yea
Ma — Yea
Fong — Yea
Allen — Yea
Williams — Yea
Yamada — Yea
Campos — Yea
John A. Pérez — Yea
Galgiani — Yea
Garrick — Nay
Gordon — Yea
Gorell — Not Voting
Bonilla — Yea
Atkins — Yea
Hagman — Nay
Halderman — Nay
Chesbro — Yea
Fletcher — Nay
Harkey — Nay
Conway — Nay
Portantino — Not Voting
Mitchell — Not Voting
Ammiano — Yea
Block — Yea
Cook — Nay
Davis — Yea
Donnelly — Nay
Hueso — Yea
Jeffries — Nay
Lara — Yea
Mendoza — Yea
Miller — Nay
Monning — Yea
Morrell — Nay
Nestande — Nay
Nielsen — Nay
Olsen — Nay
Pan — Yea
Silva — Nay
Skinner — Yea
Solorio — Yea
Swanson — Not Voting
Valadao — Nay
Wagner — Nay
Achadjian — Nay
Alejo — Yea
Beall — Not Voting
Blumenfield — Yea
Bradford — Yea
Brownley — Yea
Buchanan — Yea
Hayashi — Yea
Huber — Yea
Huffman — Yea
Knight — Nay
Logue — Nay
Mansoor — Nay
Norby — Nay
Perea — Yea
Smyth — Nay
Torres — Yea
Wieckowski — Yea
Carter — Yea
Feuer — Yea
Dickinson — Yea
Fuentes — Yea
Furutani — Not Voting
Gatto — Yea
Beth Gaines — Nay
Bill Berryhill — Nay
Bonnie Lowenthal — Yea
Roger Hernández — Not Voting
V. Manuel Pérez — Yea
Calderon, Lisa Democratic Yea
Grove, Shannon Republican Nay
Jones, Brian W. Republican Nay

Official roll call →

3rd Reading SB79 Committee on B. & F.R.

Passed 22 Yea · 2 Nay · 14 Other
Party YeaNayPresentNot Voting
Unaffiliated 202013
Democratic 2000
Republican 0001
Total 222014
% of votes cast 58%5%0%37%
How each member voted (38)
Member Party Vote
Yee — Yea
Hancock — Yea
Wyland — Nay
Lowenthal — Yea
De León — Yea
Evans — Yea
Negrete McLeod — Yea
Rubio — Yea
Fuller — Not Voting
Cannella — Not Voting
Harman — Not Voting
Huff — Not Voting
Corbett — Yea
Kehoe — Yea
Anderson — Nay
Blakeslee — Not Voting
Dutton — Not Voting
Leno — Yea
Pavley — Not Voting
Price — Not Voting
Simitian — Yea
Steinberg — Yea
Vargas — Yea
Walters — Not Voting
Wright — Yea
Alquist — Yea
Hernandez — Yea
Liu — Yea
Wolk — Yea
Emmerson — Not Voting
Correa — Yea
DeSaulnier — Yea
Beth Gaines — Not Voting
Bill Berryhill — Not Voting
La Malfa — Not Voting
Calderon, Lisa Democratic Yea
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Not Voting

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 79 do?
(1) Existing law provides for the investment of certain state moneys by the Treasurer through the Pooled Money Investment Account, according to specified criteria. This bill would create the State Agency Investment Fund in the State Treasury, for the receipt of deposits by state agencies of up to $500,000,000 each, from moneys not required by law to be deposited in the Pooled Money Investment Account, for a total of $10,000,000,000 in the fund at any one time. It would authorize the Director of Finance, in consultation with the Treasurer, to set certain terms and conditions for the deposits, and require the Treasurer to invest the moneys held in the fund through the Pooled Money Investment Account, according to specified criteria. It would continuously appropriate moneys in the fund to the Controller for the payment of interest expenditures and the return of deposits to depositors. (2) The Administrative Procedure Act governs the procedure for the adoption, amendment, or repeal of regulations by state agencies and for the review of those regulatory actions by the Office of Administrative Law, subject to specified criteria. This bill would exempt activities conducted by the Director of Finance, in consultation with the Treasurer, in implementing and administering the investment program provided for in the bill from the provisions of the act. (3) This bill would declare that it is to take effect immediately as a bill providing for appropriations related to the Budget Bill.
Who sponsors SB 79?
SB 79 is sponsored by Committee on Budget and Fiscal Review.
What is the current status of SB 79?
This bill has been enacted into law. Introduced January 10, 2011. Enacted.
Where can I track SB 79?
Track SB 79 free on One Click Politics — get push/email alerts when it moves.

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