California 2013-2014 Regular Session Status: In Committee

AB 1206 — State agency funds: security for deposits.

Last action — From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

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  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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 requires a bank, in order to be eligible to receive demand or time deposits of state funds, to deposit security with the Treasurer and specifies the securities that may be used for this purpose. Existing law includes specified letters of credit issued by the Federal Home Loan Bank of San Francisco within the list of securities appropriate for deposit. This bill, until January 1, 2019, would revise the reference to letters of credit issued by the Federal Home Loan Bank of San Francisco in the provision described above to refer instead to a letter of credit issued by a federal home loan bank.

Bill Text

Action History

  1. From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

  2. Died pursuant to Art. IV, Sec. 10(c) of the Constitution.

  3. In committee: Hearing postponed by committee.

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

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

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

  7. Re-referred to Com. on B. & F.

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

  9. In committee: Hearing postponed by committee.

  10. Re-referred to Com. on B. & F.

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

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

  13. Read first time.

  14. From printer. May be heard in committee March 26.

  15. Introduced. To print.

Sponsors

  • Morrell · Primary

Sponsorship breakdown

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

Sponsors (1)

  • Morrell

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
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 1206 do?
Existing law requires a bank, in order to be eligible to receive demand or time deposits of state funds, to deposit security with the Treasurer and specifies the securities that may be used for this purpose. Existing law includes specified letters of credit issued by the Federal Home Loan Bank of San Francisco within the list of securities appropriate for deposit. This bill, until January 1, 2019, would revise the reference to letters of credit issued by the Federal Home Loan Bank of San Francisco in the provision described above to refer instead to a letter of credit issued by a federal home loan bank.
Who sponsors AB 1206?
AB 1206 is sponsored by Morrell.
What is the current status of AB 1206?
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 1206?
Track AB 1206 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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