California 2011-2012 Regular Session Status: Passed Assembly

AB 1493 — State and local government.

Last action — Re-referred to Com. on RLS.

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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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 establishes the Local Agency Investment Fund, authorizes a local government having money in its treasury not required for immediate needs to remit it to the Treasurer for deposit in that fund for the purpose of investment, and prescribes the handling of that money. This bill would establish the Voluntary Investment Program Fund within the State Treasury for the receipt of voluntary deposits from local entities, as specified. The bill would provide that the deposits in the fund may be used only to cover short-term cash needs of the state, as specified. This bill would appropriate $1,000 from the General Fund to the Department of Finance for the administration of its provisions. 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. Re-referred to Com. on RLS.

  2. Read second time. Ordered to third reading.

  3. From committee: Do pass. (Ayes 10. Noes 2.) (June 25).

  4. From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.R.

  5. Re-referred to Com. on B. & F.R.

  6. Referred to Com. on RLS.

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

  8. Read third time. Passed. Ordered to the Senate. (Ayes 47. Noes 23. Page 4097.)

  9. Read second time. Ordered to third reading.

  10. Ordered to second reading.

  11. Withdrawn from committee.

  12. Assembly Rule 96 suspended. (Ayes 46. Noes 24. Page 4011.)

  13. Assembly Rule 63 suspended. (Ayes 46. Noes 24. Page 4011.)

  14. Referred to Com. on BUDGET.

  15. From printer. May be heard in committee February 10.

  16. Read first time. To print.

Sponsors

  • Committee on Budget · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 121 not signed on · 5 voted No

Sponsors (1)

  • Committee on Budget

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.

Passed 10 Yea · 2 Nay · 4 Other
Party YeaNayPresentNot Voting
Unaffiliated 10204
Total 10204
% of votes cast 63%13%0%25%
How each member voted (16)
Member Party Vote
Hancock — Yea
Negrete McLeod — Yea
Lowenthal — Yea
Leno — Yea
Wright — Yea
Evans — Not Voting
Fuller — Not Voting
Anderson — Nay
Alquist — Yea
Liu — Yea
Simitian — Yea
Wolk — Yea
Emmerson — Not Voting
DeSaulnier — Yea
Beth Gaines — Not Voting
La Malfa — Nay

Official roll call →

AB 1493 BUDGET Assembly Third Reading By BLUMENFIELD

Passed 47 Yea · 23 Nay · 10 Other
Party YeaNayPresentNot Voting
Unaffiliated 4621010
Republican 0200
Democratic 1000
Total 4723010
% of votes cast 59%29%0%13%
How each member voted (80)
Member Party Vote
Gorell — Not Voting
Halderman — Nay
Feuer — Yea
Butler — Yea
Carter — Yea
Cedillo — Yea
Fong — Yea
Allen — Yea
Alejo — Yea
Yamada — Yea
Furutani — Yea
Campos — Yea
John A. Pérez — Yea
Mitchell — Yea
Galgiani — Yea
Gatto — Yea
Gordon — Yea
Bonilla — Yea
Atkins — Yea
Hagman — Nay
Hall — Not Voting
Chesbro — Yea
Harkey — Not Voting
Huber — Yea
Fletcher — Not Voting
Portantino — Not Voting
Conway — Nay
Hueso — Yea
Jeffries — Nay
Beall — Yea
Block — Yea
Cook — Nay
Davis — Yea
Donnelly — Nay
Knight — Nay
Logue — Not Voting
Mendoza — Not Voting
Miller — Nay
Monning — Yea
Morrell — Nay
Nestande — Nay
Norby — Nay
Olsen — Nay
Perea — Yea
Silva — Nay
Smyth — Nay
Solorio — Yea
Torres — Yea
Valadao — Not Voting
Wieckowski — Yea
Achadjian — Nay
Ammiano — Yea
Blumenfield — Yea
Bradford — Yea
Brownley — Yea
Buchanan — Yea
Hayashi — Yea
Hill — Yea
Huffman — Yea
Lara — Yea
Ma — Yea
Mansoor — Nay
Nielsen — Nay
Pan — Yea
Skinner — Not Voting
Swanson — Yea
Wagner — Nay
Williams — Yea
Eng — Yea
Dickinson — Yea
Fuentes — Yea
Garrick — Nay
Beth Gaines — Nay
Bill Berryhill — Nay
Bonnie Lowenthal — Not Voting
Roger Hernández — Yea
V. Manuel Pérez — Yea
Calderon, Lisa Democratic Yea
Grove, Shannon Republican Nay
Jones, Brian W. Republican Nay

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 AB 1493 do?
Existing law establishes the Local Agency Investment Fund, authorizes a local government having money in its treasury not required for immediate needs to remit it to the Treasurer for deposit in that fund for the purpose of investment, and prescribes the handling of that money. This bill would establish the Voluntary Investment Program Fund within the State Treasury for the receipt of voluntary deposits from local entities, as specified. The bill would provide that the deposits in the fund may be used only to cover short-term cash needs of the state, as specified. This bill would appropriate $1,000 from the General Fund to the Department of Finance for the administration of its provisions. This bill would declare that it is to take effect immediately as a bill providing for appropriations related to the Budget Bill.
Who sponsors AB 1493?
AB 1493 is sponsored by Committee on Budget.
What is the current status of AB 1493?
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 1493?
Track AB 1493 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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