California 2013-2014 Regular Session Status: Enacted

AB 279 — Financial affairs.

Last action — Chaptered by Secretary of State - Chapter 228, Statutes of 2013.

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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 11, 2013. 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

Existing law prescribes the instruments in, and criteria by which, a local agency, as defined, may invest and deposit its funds, including its surplus funds. Existing law authorizes a local agency to invest in certificates of deposit provided that they do not exceed 30% of the agency's funds that may be invested for this purpose, as specified. This bill would, until January 1, 2017, remove the term "certificates of deposit" and instead authorize a local agency to invest in deposits, as specified, and limit the amount of its funds that an agency may place with any one private sector entity that assists in the placement of deposits with one or more commercial banks, savings banks, savings and loan associations, or credit unions that are located in the United States. The bill would prescribe requirements for the financial institutions that a private sector entity is authorized to use.

Bill Text

Action History

  1. Chaptered by Secretary of State - Chapter 228, Statutes of 2013.

  2. Approved by the Governor.

  3. Enrolled and presented to the Governor at 4:15 p.m.

  4. Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 77. Noes 0. Page 2576.).

  5. In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 7 pursuant to Assembly Rule 77.

  6. Read third time. Passed. Ordered to the Assembly. (Ayes 33. Noes 0. Page 1693.).

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

  8. From committee: Do pass as amended. (Ayes 9. Noes 0.) (June 19).

  9. Read second time and amended. Re-referred to Com. on B. & F.I.

  10. From committee: Do pass as amended and re-refer to Com. on B. & F.I. (Ayes 7. Noes 0.) (June 5).

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

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

  13. Referred to Coms. on GOV. & F. and B. & F.I.

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

  15. Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 921.)

  16. Read second time. Ordered to consent calendar.

  17. From committee: Do pass. To consent calendar. (Ayes 12. Noes 0.) (April 8).

  18. From committee: Do pass and re-refer to Com. on B. & F. (Ayes 9. Noes 0.) (April 3). Re-referred to Com. on B. & F.

  19. Re-referred to Com. on L. GOV.

  20. From committee chair, with author's amendments: Amend, and re-refer to Com. on L. GOV. Read second time and amended.

  21. Referred to Com. on L. GOV.

  22. From printer. May be heard in committee March 14.

  23. Read first time. To print.

Sponsors

  • Dickinson · Primary

Sponsorship breakdown

Export CSV (upgrade) →

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

Sponsors (1)

  • Dickinson

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 279 DICKINSON Concurrence in Senate Amendments

Passed 77 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 70001
Democratic 4000
Republican 3000
Total 77001
% of votes cast 99%0%0%1%
How each member voted (78)
Member Party Vote
Achadjian — Yea
Alejo — Yea
Bigelow — Yea
Bloom — Yea
Bradford — Yea
Brown — Yea
Buchanan — Yea
Holden — Yea
Linder — Yea
Mansoor — Yea
Nazarian — Yea
Nestande — Yea
Quirk — Yea
Wagner — Yea
Williams — Yea
Fox — Yea
Gorell — Yea
Campos — Yea
Chau — Yea
Allen — Yea
Chávez — Yea
Bonilla — Yea
Logue — Yea
Morrell — Yea
Mullin — Yea
Olsen — Yea
Gray — Yea
Rendon — Yea
Ammiano — Yea
Conway — Yea
Cooley — Yea
Daly — Yea
Dickinson — Yea
Donnelly — Yea
Mitchell — Yea
Bocanegra — Yea
John A. Pérez — Yea
Salas — Yea
Lowenthal — Yea
Garcia — Yea
Atkins — Yea
Fong — Yea
Gomez — Yea
Hall — Yea
Harkey — Yea
Jones-Sawyer — Yea
Levine — Yea
Chesbro — Yea
Maienschein — Yea
Medina — Yea
Melendez — Yea
Pan — Yea
Perea — Yea
Waldron — Yea
Skinner — Yea
Ting — Yea
Weber — Yea
Wieckowski — Yea
Wilk — Yea
Eggman — Yea
Frazier — Yea
Gatto — Yea
Yamada — Yea
Gordon — Yea
Hagman — Yea
Beth Gaines — Yea
Jim Patterson — Yea
Lorena Gonzalez — Yea
Mark Stone — Yea
Roger Hernández — Yea
V. Manuel Pérez — Not Voting
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 →

3rd Reading AB279 Dickinson By Correa

Passed 33 Yea · 0 Nay · 5 Other
Party YeaNayPresentNot Voting
Unaffiliated 31004
Democratic 2001
Total 33005
% of votes cast 87%0%0%13%
How each member voted (38)
Member Party Vote
Anderson — Yea
Beall — Yea
Block — Yea
Hernandez — Not Voting
Steinberg — Yea
Walters — Yea
Wolk — Yea
Wright — Yea
Cannella — Yea
Fuller — Yea
De León — Not Voting
Galgiani — Yea
Hancock — Yea
Hill — Yea
Corbett — Yea
Hueso — Yea
Huff — Yea
Knight — Yea
Lara — Not Voting
Leno — Yea
Lieu — Yea
Liu — Yea
Monning — Yea
Nielsen — Yea
Pavley — Yea
Roth — Yea
Torres — Yea
Wyland — Yea
Emmerson — Yea
Correa — Yea
Evans — Yea
DeSaulnier — 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 →

Do pass as amended.

Passed 9 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 8000
Democratic 1000
Total 9000
% of votes cast 100%0%0%0%
How each member voted (9)
Member Party Vote
Hueso — Yea
Torres — Yea
Walters — Yea
Correa — Yea
Hill — Yea
Beall — Yea
Roth — Yea
Bill Berryhill — Yea
Calderon, Lisa Democratic Yea

Official roll call →

AB 279 DICKINSON Consent Calendar Second Day

Passed 77 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 66002
Democratic 7000
Republican 4000
Total 77002
% of votes cast 97%0%0%3%
How each member voted (79)
Member Party Vote
Achadjian — Yea
Ammiano — Yea
Bigelow — Yea
Bloom — Yea
Blumenfield — Yea
Bradford — Yea
Brown — Yea
Buchanan — Yea
Jones-Sawyer — Yea
Linder — Yea
Maienschein — Yea
Mansoor — Yea
Nazarian — Yea
Nestande — Yea
Skinner — Yea
Torres — Yea
Campos — Yea
Fox — Yea
Gordon — Yea
Gorell — Yea
Stone — Yea
Holden — Yea
Cooley — Yea
Bonilla — Yea
Morrell — Yea
Mullin — Yea
Alejo — Yea
Daly — Yea
Dickinson — Yea
Eggman — Yea
Olsen — Yea
Quirk — Yea
Ting — Yea
Wagner — Yea
Weber — Yea
Wieckowski — Yea
Wilk — Yea
Gomez — Yea
Hagman — Yea
Hall — Yea
Gray — Yea
Levine — Yea
Mitchell — Yea
Logue — Yea
Bocanegra — Yea
John A. Pérez — Yea
Salas — Yea
Medina — Yea
Melendez — Yea
Atkins — Yea
Chau — Yea
Chesbro — Yea
Chávez — Yea
Conway — Yea
Pan — Yea
Perea — Yea
Rendon — Yea
Waldron — Yea
Williams — Yea
Lowenthal — Not Voting
Harkey — Not Voting
Donnelly — Yea
Frazier — Yea
Gatto — Yea
Yamada — Yea
Beth Gaines — Yea
Roger Hernández — Yea
V. Manuel Pérez — Yea
Allen, Benjamin Democratic Yea
Bonta, Mia Democratic Yea
Calderon, Lisa Democratic Yea
Fong, Mike Democratic Yea
Garcia, Robert Democratic Yea
Muratsuchi, Al Democratic Yea
Quirk-Silva, Sharon Democratic Yea
Dahle, Megan Republican Yea
Grove, Shannon Republican Yea
Jones, Brian W. Republican Yea
Patterson, Joe Republican Yea

Official roll call →

Do pass, to Consent Calendar.

Passed 12 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 11000
Democratic 1000
Total 12000
% of votes cast 100%0%0%0%
How each member voted (12)
Member Party Vote
Achadjian — Yea
Blumenfield — Yea
Linder — Yea
Chau — Yea
Gatto — Yea
Harkey — Yea
Morrell — Yea
Perea — Yea
Torres — Yea
Weber — Yea
Dickinson — 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 279 do?
Existing law prescribes the instruments in, and criteria by which, a local agency, as defined, may invest and deposit its funds, including its surplus funds. Existing law authorizes a local agency to invest in certificates of deposit provided that they do not exceed 30% of the agency's funds that may be invested for this purpose, as specified. This bill would, until January 1, 2017, remove the term "certificates of deposit" and instead authorize a local agency to invest in deposits, as specified, and limit the amount of its funds that an agency may place with any one private sector entity that assists in the placement of deposits with one or more commercial banks, savings banks, savings and loan associations, or credit unions that are located in the United States. The bill would prescribe requirements for the financial institutions that a private sector entity is authorized to use.
Who sponsors AB 279?
AB 279 is sponsored by Dickinson.
What is the current status of AB 279?
This bill has been enacted into law. Introduced February 11, 2013. Enacted.
Where can I track AB 279?
Track AB 279 free on One Click Politics — get push/email alerts when it moves.

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