California 2013-2014 Regular Session Status: Enacted

AB 2274 — The California Debt and Investment Advisory Commission.

Last action — Chaptered by Secretary of State - Chapter 181, 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 21, 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 establishes the California Debt and Investment Advisory Commission to, among other things, maintain contact with state and municipal bond issuers, underwriters, investors, and credit rating agencies to improve the market for state and local government debt issues, and assist state and local governments to prepare, market, and sell its new debt issues. Existing law authorizes the commission to charge a fee to a lead underwriter or purchaser, as specified, with the funds collected to be used, upon appropriation, for the expenses of the commission and the Treasurer. This bill would modify the reporting and notice requirements an issuer of debt is required to make to the commission before a proposed sale of debt issue and after a sale of debt issue. This bill would also expand the commission's authorization to charge fees relating to the principal amount of a debt issue to include also charging a fee to a lender, and would remove the authority of the commission to borrow moneys required for the purpose of meeting necessary expenses of the commission. This bill would also make technical, nonsubstantive changes.

Bill Text

Action History

  1. Chaptered by Secretary of State - Chapter 181, Statutes of 2014.

  2. Approved by the Governor.

  3. Enrolled and presented to the Governor at 11:30 a.m.

  4. In Assembly. Ordered to Engrossing and Enrolling.

  5. Read third time. Passed. Ordered to the Assembly. (Ayes 35. Noes 0. Page 4254.).

  6. Read second time. Ordered to consent calendar.

  7. From committee: Be placed on second reading file pursuant to Senate Rule 28.8 and ordered to consent calendar.

  8. From committee: Do pass and re-refer to Com. on APPR. with recommendation: to consent calendar. (Ayes 7. Noes 0.) (June 18). Re-referred to Com. on APPR.

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

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

  11. Read third time. Passed. Ordered to the Senate. (Ayes 76. Noes 0. Page 4957.)

  12. Read second time. Ordered to third reading.

  13. From committee: Do pass. (Ayes 16. Noes 0.) (May 7).

  14. Re-referred to Com. on APPR.

  15. Read second time and amended.

  16. From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 10. Noes 0.) (April 28).

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

  18. Read first time.

  19. From printer. May be heard in committee March 25.

  20. Introduced. To print.

Sponsors

  • Gordon · Primary

Sponsorship breakdown

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

Sponsors (1)

  • Gordon

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
Hill — Yea
Knight — Yea
Monning — Yea
Pavley — Yea
Steinberg — Yea
Walters — Not Voting
Evans — Yea
Correa — Yea
Galgiani — Yea
DeSaulnier — Yea
Mitchell — Yea
Huff — Yea
Leno — Yea
Liu — Yea
Nielsen — Yea
Torres — Yea
Beall — Yea
Cannella — Yea
Corbett — Yea
Hancock — Yea
Hernandez — Not Voting
Hueso — Yea
Lara — Yea
Lieu — Yea
Morrell — Yea
Roth — Yea
Vidak — Yea
Wolk — Yea
Wyland — Yea
De León — Yea
Anderson — Yea
Block — Yea
Wright — Not Voting
Fuller — Yea
Yee — Not Voting
Beth Gaines — Yea
Bill Berryhill — Yea
Calderon, Lisa Democratic Not Voting
Jackson, Corey A. Democratic Yea
Padilla, Stephen C. Democratic Yea

Official roll call →

AB 2274 GORDON Assembly Third Reading

Passed 76 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 69003
Democratic 4000
Republican 3000
Total 76003
% of votes cast 96%0%0%4%
How each member voted (79)
Member Party Vote
Achadjian — Yea
Ammiano — Yea
Bradford — Yea
Brown — Yea
Buchanan — Yea
Harkey — Yea
Holden — Yea
Mansoor — Not Voting
Mullin — Yea
Nazarian — Yea
Rodriguez — Yea
Wagner — Yea
Waldron — Yea
Wilk — Yea
Williams — Yea
Cooley — Yea
Daly — Yea
Lowenthal — Yea
Gordon — Yea
Garcia — Yea
Gorell — Yea
Gray — Yea
Atkins — Yea
Hagman — Yea
Fong — Yea
Bigelow — Yea
Dababneh — Yea
Linder — Yea
Logue — Yea
Olsen — Yea
Ridley-Thomas — Yea
Skinner — Yea
Alejo — Yea
Bloom — Yea
Campos — Yea
Chau — Yea
Chesbro — Yea
Chávez — Yea
Bonilla — Yea
Gatto — Yea
Hall — Yea
Jones-Sawyer — Yea
Levine — Yea
Bocanegra — Yea
Maienschein — Yea
John A. Pérez — Yea
Medina — Yea
Salas — Yea
Melendez — Yea
Nestande — Yea
Conway — Yea
Pan — Yea
Allen — Not Voting
Perea — Yea
Dickinson — Yea
Donnelly — Not Voting
Quirk — Yea
Rendon — Yea
Ting — Yea
Weber — Yea
Wieckowski — Yea
Eggman — Yea
Fox — Yea
Frazier — Yea
Yamada — Yea
Gomez — 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.

Passed 16 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 14001
Republican 1000
Democratic 1000
Total 16001
% of votes cast 94%0%0%6%
How each member voted (17)
Member Party Vote
Bradford — Yea
Linder — Yea
Wagner — Yea
Campos — Yea
Bocanegra — Yea
Gatto — Yea
Holden — Yea
Bigelow — Yea
Donnelly — Not Voting
Eggman — Yea
Pan — Yea
Quirk — Yea
Ridley-Thomas — Yea
Weber — Yea
Gomez — Yea
Calderon, Lisa Democratic Yea
Jones, Brian W. Republican Yea

Official roll call →

Do pass as amended and be re-referred to the Committee on Appropriations.

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
Linder — Yea
Weber — Yea
Williams — Yea
Chau — Yea
Dickinson — Yea
Rodriguez — Yea
Allen — Not Voting
Perea — 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 2274 do?
Existing law establishes the California Debt and Investment Advisory Commission to, among other things, maintain contact with state and municipal bond issuers, underwriters, investors, and credit rating agencies to improve the market for state and local government debt issues, and assist state and local governments to prepare, market, and sell its new debt issues. Existing law authorizes the commission to charge a fee to a lead underwriter or purchaser, as specified, with the funds collected to be used, upon appropriation, for the expenses of the commission and the Treasurer. This bill would modify the reporting and notice requirements an issuer of debt is required to make to the commission before a proposed sale of debt issue and after a sale of debt issue. This bill would also expand the commission's authorization to charge fees relating to the principal amount of a debt issue to include also charging a fee to a lender, and would remove the authority of the commission to borrow moneys required for the purpose of meeting necessary expenses of the commission. This bill would also make technical, nonsubstantive changes.
Who sponsors AB 2274?
AB 2274 is sponsored by Gordon.
What is the current status of AB 2274?
This bill has been enacted into law. Introduced February 21, 2014. Enacted.
Where can I track AB 2274?
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Last checked for changes 3 months ago · updated continuously

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