California 2013-2014 Regular Session Status: In Committee

AB 2611 — Unclaimed property: auditing standards.

Last action — From committee without further action.

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

This bill died with 2013-2014 Regular Session. It reached “In Committee” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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, the Unclaimed Property Law, authorizes the Controller to examine the records of a person if the Controller has reason to believe that the person has failed to report property that should have been reported pursuant to that law. Existing law requires the examination to be conducted by a licensing or regulating agency, as specified, and requires the Controller to adopt guidelines as to the policies and procedures governing the activity of third-party auditors who are hired by the Controller. This bill would require an examination of records to be conducted in accordance with the generally accepted government auditing standards, and would require the Controller to adopt regulations, on or before July 1, 2015, in accordance with those standards, as to the policies and procedures governing the activity of third-party auditors hired by the Controller.

Bill Text

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1 line(s) added, 1 removed.

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Action History

  1. From committee without further action.

  2. Referred to Com. on JUD.

  3. Read first time.

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

  5. Introduced. To print.

Sponsors

  • Bocanegra · Primary

Sponsorship breakdown

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

Sponsors (1)

  • Bocanegra

Co-sponsors (0)

None.

Not signed on (121)

121 members have not signed on to this bill.

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"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

Subjects

finance
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Frequently asked questions

What does AB 2611 do?
Existing law, the Unclaimed Property Law, authorizes the Controller to examine the records of a person if the Controller has reason to believe that the person has failed to report property that should have been reported pursuant to that law. Existing law requires the examination to be conducted by a licensing or regulating agency, as specified, and requires the Controller to adopt guidelines as to the policies and procedures governing the activity of third-party auditors who are hired by the Controller. This bill would require an examination of records to be conducted in accordance with the generally accepted government auditing standards, and would require the Controller to adopt regulations, on or before July 1, 2015, in accordance with those standards, as to the policies and procedures governing the activity of third-party auditors hired by the Controller.
Who sponsors AB 2611?
AB 2611 is sponsored by Bocanegra.
What is the current status of AB 2611?
This bill died with 2013-2014 Regular Session. It reached “In Committee” 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 2611?
Track AB 2611 free on One Click Politics — get push/email alerts when it moves.

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