California 2019-2020 Regular Session Status: In Committee

SB 1158 — Infrastructure and Economic Development Bank.

Last action — March 23 hearing postponed by committee.

Track this bill free

No card. One bill, free forever — alerts when it moves.

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

This bill died with 2019-2020 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 Bergeson-Peace Infrastructure and Economic Development Bank Act, establishes the Infrastructure and Economic Development Bank (I-Bank) within the Governor's Office of Business and Economic Development. The act requires the I-Bank to be governed and its corporate power exercised by a board of directors consisting of 5 specified members, including the Treasurer or the Treasurer's designee, and requires 3 affirmative member votes for the board to take any action. The act prohibits the members from receiving compensation for their service on the board, subject to specified exceptions, including that the act requires a member to receive $100 for each full day of attending meetings of the authority. This bill would, instead, require 4 affirmative member votes for the board to take any action and would require the members to receive $150 for each full day of attending meetings of the board.

Bill Text

What changed in the latest version

1 added · 1 removed

1 line(s) added, 1 removed.

→
Previous
Latest
Bill Number Bill Keyword Home Bill Information California Law Publications Other Resources My Subscriptions My Favorites Bill Information >> Bill Search >> Text Bill TextBill Information PDF2 Bill PDF |Add To My Favorites | Version:
Bill Number Bill Keyword Home Bill Information California Law Publications Other Resources My Subscriptions My Favorites Bill Information >> Bill Search >> Text Bill Text PDF2 Bill PDF |Add To My Favorites | Version:
⬇ Download PDF
View plain text versions (2)

Action History

  1. March 23 hearing postponed by committee.

  2. Set for hearing March 23.

  3. Referred to Com. on B., P. & E.D.

  4. From printer. May be acted upon on or after March 22.

  5. Introduced. Read first time. To Com. on RLS. for assignment. To print.

Sponsors

  • Hueso · Primary

Sponsorship breakdown

Export CSV (upgrade) →

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

Sponsors (1)

  • Hueso

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

Subjects

finance transportation
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 SB 1158 do?
Existing law, the Bergeson-Peace Infrastructure and Economic Development Bank Act, establishes the Infrastructure and Economic Development Bank (I-Bank) within the Governor's Office of Business and Economic Development. The act requires the I-Bank to be governed and its corporate power exercised by a board of directors consisting of 5 specified members, including the Treasurer or the Treasurer's designee, and requires 3 affirmative member votes for the board to take any action. The act prohibits the members from receiving compensation for their service on the board, subject to specified exceptions, including that the act requires a member to receive $100 for each full day of attending meetings of the authority. This bill would, instead, require 4 affirmative member votes for the board to take any action and would require the members to receive $150 for each full day of attending meetings of the board.
Who sponsors SB 1158?
SB 1158 is sponsored by Hueso.
What is the current status of SB 1158?
This bill died with 2019-2020 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 SB 1158?
Track SB 1158 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on SB 1158

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of SB 1158

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →