California 2013-2014 Regular Session Status: Enacted

AB 1933 — Local government: investments.

Last action — Chaptered by Secretary of State - Chapter 59, Statutes of 2014.

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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 19, 2014. 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 5 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

Existing law authorizes the legislative body of a local agency having money in a sinking fund or money in its treasury not required for immediate needs to invest any portion of the money that it deems wise or expedient in specified securities and financial instruments. This bill would authorize the legislative body of a local agency to also invest in United States dollar denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by certain banks, as specified, and would require these investments to be rated "AA" or better and to not exceed 30% of the agency's moneys that may be invested.

Bill Text

Action History

  1. Chaptered by Secretary of State - Chapter 59, Statutes of 2014.

  2. Approved by the Governor.

  3. Enrolled and presented to the Governor at 11:45 a.m.

  4. In Assembly. Ordered to Engrossing and Enrolling.

  5. Read third time. Passed. Ordered to the Assembly. (Ayes 35. Noes 0. Page 3930.).

  6. Read second time. Ordered to consent calendar.

  7. From committee: Do pass. To consent calendar. (Ayes 7. Noes 0.) (June 11).

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

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

  10. Read third time. Passed. Ordered to the Senate. (Ayes 75. Noes 0. Page 4710.)

  11. Read second time. Ordered to third reading.

  12. Read second time and amended. Ordered to second reading.

  13. From committee: Do pass as amended. (Ayes 10. Noes 0.) (April 21).

  14. From committee: Do pass and re-refer to Com. on B. & F. (Ayes 9. Noes 0.) (April 2). Re-referred to Com. on B. & F.

  15. Referred to Coms. on L. GOV. and B. & F.

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

  17. Read first time. To print.

Sponsors

  • Levine · Primary

Sponsorship breakdown

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

Sponsors (1)

  • Levine

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

Consent Calendar 2nd

Passed 35 Yea · 0 Nay · 5 Other
Party YeaNayPresentNot Voting
Unaffiliated 33004
Democratic 2001
Total 35005
% of votes cast 88%0%0%13%
How each member voted (40)
Member Party Vote
Anderson — Yea
Beall — Yea
Hueso — Yea
Knight — Yea
Lieu — Yea
Pavley — Yea
Wright — Not Voting
Cannella — Yea
Wyland — Yea
Evans — Yea
Fuller — Yea
Galgiani — Yea
Hernandez — Yea
Huff — Yea
Leno — Yea
Correa — Yea
Liu — Yea
Nielsen — Yea
Steinberg — Yea
Torres — Yea
Mitchell — Yea
De León — Yea
Corbett — Yea
Hill — Yea
Monning — Yea
Walters — Not Voting
Wolk — Yea
Lara — Yea
Morrell — Yea
Block — Yea
Roth — Yea
Vidak — Yea
DeSaulnier — Yea
Yee — Not Voting
Hancock — Yea
Beth Gaines — Yea
Bill Berryhill — Not Voting
Calderon, Lisa Democratic Not Voting
Jackson, Corey A. Democratic Yea
Padilla, Stephen C. Democratic Yea

Official roll call →

Do pass and be placed on the Consent Calendar.

Passed 7 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 7000
Total 7000
% of votes cast 100%0%0%0%
How each member voted (7)
Member Party Vote
Beall — Yea
Hernandez — Yea
Knight — Yea
Liu — Yea
Walters — Yea
DeSaulnier — Yea
Wolk — Yea

Official roll call →

AB 1933 LEVINE Assembly Third Reading

Passed 75 Yea · 0 Nay · 4 Other
Party YeaNayPresentNot Voting
Unaffiliated 68004
Democratic 4000
Republican 3000
Total 75004
% of votes cast 95%0%0%5%
How each member voted (79)
Member Party Vote
Achadjian — Yea
Ammiano — Yea
Bloom — Yea
Buchanan — Yea
Harkey — Yea
Linder — Yea
Logue — Yea
Maienschein — Yea
Mansoor — Not Voting
Quirk — Yea
Ridley-Thomas — Yea
Waldron — Yea
Chau — Yea
Conway — Yea
Frazier — Yea
Gomez — Yea
Gordon — Yea
Hagman — Yea
Allen — Yea
Lowenthal — Yea
Holden — Yea
Garcia — Yea
Gray — Yea
Atkins — Yea
Fong — Yea
Dababneh — Yea
Bonilla — Yea
Medina — Yea
Alejo — Yea
Bigelow — Yea
Daly — Yea
Eggman — Yea
Nazarian — Yea
Olsen — Yea
Rodriguez — Yea
Skinner — Yea
Wilk — Yea
Fox — Yea
Bocanegra — Yea
Gatto — Yea
John A. Pérez — Yea
Hall — Not Voting
Campos — Yea
Salas — Not Voting
Jones-Sawyer — Yea
Chesbro — Yea
Bradford — Yea
Brown — Not Voting
Chávez — Yea
Cooley — Yea
Donnelly — Yea
Levine — Yea
Melendez — Yea
Mullin — Yea
Nestande — Yea
Pan — Yea
Perea — Yea
Rendon — Yea
Ting — Yea
Wagner — Yea
Weber — Yea
Wieckowski — Yea
Williams — Yea
Dickinson — Yea
Yamada — Yea
Gorell — Yea
Beth Gaines — Yea
Jim Patterson — Yea
Lorena Gonzalez — Yea
Mark Stone — Yea
Roger Hernández — Yea
V. Manuel Pérez — Yea
Bonta, Mia Democratic Yea
Calderon, Lisa Democratic Yea
Muratsuchi, Al Democratic Yea
Quirk-Silva, Sharon Democratic Yea
Dahle, Megan Republican Yea
Grove, Shannon Republican Yea
Jones, Brian W. Republican Yea

Official roll call →

Do pass as amended.

Passed 10 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 9002
Democratic 1000
Total 10002
% of votes cast 83%0%0%17%
How each member voted (12)
Member Party Vote
Achadjian — Yea
Harkey — Not Voting
Perea — Yea
Chau — Yea
Linder — Yea
Rodriguez — Yea
Williams — Yea
Allen — Yea
Weber — Not Voting
Dickinson — Yea
Gatto — Yea
Bonta, Mia Democratic Yea

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 1933 do?
Existing law authorizes the legislative body of a local agency having money in a sinking fund or money in its treasury not required for immediate needs to invest any portion of the money that it deems wise or expedient in specified securities and financial instruments. This bill would authorize the legislative body of a local agency to also invest in United States dollar denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by certain banks, as specified, and would require these investments to be rated "AA" or better and to not exceed 30% of the agency's moneys that may be invested.
Who sponsors AB 1933?
AB 1933 is sponsored by Levine.
What is the current status of AB 1933?
This bill has been enacted into law. Introduced February 19, 2014. Enacted.
Where can I track AB 1933?
Track AB 1933 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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