AB 7 — State funds: registered warrants.
Last action — Chaptered by Secretary of State. Chapter 26, Statutes of 2009-10 Third Extraordinary Session.
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✓Introduced
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✓In Committee
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✓Passed Assembly
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✓Passed Senate
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced January 05, 2009. Enacted.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
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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 provides that whenever the Controller draws a warrant upon the Treasurer payable out of the General Fund in an amount in excess of the balance remaining in the unapplied money in the General Fund, as specified, the Controller shall upon the same day present it to the Treasurer who shall endorse it in accordance with certain procedures, thereby creating registered warrants. The Controller, with the approval of the Pooled Money Investment Board, is authorized to fix a maturity date for registered warrants. This bill would allow a registered warrant to be redeemed at the option of the Pooled Money Investment Board prior to the maturity date of the warrant at a redemption price, calculated as specified. The California Constitution authorizes the Governor to declare a fiscal emergency and to call the Legislature into special session for that purpose. The Governor issued a proclamation declaring a fiscal emergency, and calling a special session for this purpose, on December 19, 2008. This bill would state that it addresses the fiscal emergency declared by the Governor by proclamation issued on December 19, 2008, pursuant to the California Constitution. This bill would declare that it is to take effect immediately as an urgency statute.
Bill Text
- Enrolled 07/02/09 - Enrolled Current pdf July 02, 2009
- Chaptered 07/01/09 - Chaptered pdf July 01, 2009
- Amended 07/01/09 - Amended Senate pdf July 01, 2009
- Amended 02/14/09 - Amended Senate pdf February 14, 2009
- Amended 01/07/09 - Amended Assembly pdf January 07, 2009
- Introduced 01/05/09 - Introduced pdf January 05, 2009
- AB7 View text html
Action History
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Chaptered by Secretary of State. Chapter 26, Statutes of 2009-10 Third Extraordinary Session.
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Approved by the Governor.
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Enrolled and to the Governor at 5:45 p.m.
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In Assembly. Urgency clause adopted. Senate amendments concurred in. To enrollment.
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Read third time. Urgency clause adopted. Passed and to Assembly. (Ayes 35. Noes 0. Page 206.)
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Senate Rule 29.3 suspended.
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Joint Rule 10.5 suspended.
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Read third time and amended.
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Reconsideration granted. (Ayes 39. Noes 0. Page 47.)
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Motion to reconsider made by Senator Florez.
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Read third time. Urgency clause refused adoption. (Ayes 24. Noes 14. Page 47.)
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Read third time, amended, and returned to third reading. (Page 27.).
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Ordered returned to third reading.
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From committee: Amend, and do pass as amended. (Ayes 23. Noes 13. Page 57.) (February 14).
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Re-referred to Com. on B. & F.R.
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(Ayes 23. Noes 13. Page 24.)
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Senate Rule 29.3 suspended.
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Read second time. To third reading.
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Withdrawn from committee. Ordered placed on second reading file.
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In Senate. Read first time. To Com. on RLS. for assignment.
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Read third time, passed, and to Senate. (Ayes 48. Noes 0. Page 32.)
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Withdrawn from committee. Ordered placed on third reading file.
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Re-referred to Com. on RULES.
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From committee chair, with author's amendments: Amend, and re-refer to Com. on RULES. Read second time and amended.
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Referred to Com. on RULES.
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From printer.
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Read first time. To print.
Sponsors
- Evans · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 121 not signed on · 1 voted No
Sponsors (1)
- Evans
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.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 75 | 0 | 0 | 8 |
| Democratic | 5 | 0 | 0 | 0 |
| Republican | 3 | 0 | 0 | 0 |
| Total | 83 | 0 | 0 | 8 |
| % of votes cast | 91% | 0% | 0% | 9% |
How each member voted (91)
| Member | Party | Vote |
|---|---|---|
| Emmerson | — | Yea |
| Evans | — | Yea |
| DeVore | — | Not Voting |
| Yamada | — | Yea |
| Furutani | — | Yea |
| Hagman | — | Yea |
| Carter | — | Yea |
| Chesbro | — | Yea |
| Conway | — | Yea |
| Bill | — | Yea |
| Berryhill | — | Yea |
| Tom | — | Yea |
| Berryhill | — | Yea |
| Eng | — | Yea |
| Feuer | — | Yea |
| Fuentes | — | Yea |
| Fuller | — | Yea |
| Charles | — | Yea |
| Galgiani | — | Yea |
| Garrick | — | Yea |
| Harkey | — | Yea |
| Hernandez | — | Yea |
| Hill | — | Yea |
| De | — | Yea |
| Leon | — | Yea |
| Huffman | — | Yea |
| Fletcher | — | Yea |
| Gaines | — | Yea |
| Bonnie | — | Yea |
| V. | — | Yea |
| Manuel | — | Yea |
| Perez | — | Yea |
| John | — | Yea |
| A. | — | Yea |
| Perez | — | Yea |
| Portantino | — | Yea |
| Salas | — | Yea |
| Saldana | — | Yea |
| Anderson | — | Yea |
| Blakeslee | — | Yea |
| Cook | — | Yea |
| Coto | — | Yea |
| Davis | — | Yea |
| Duvall | — | Yea |
| Jeffries | — | Yea |
| Knight | — | Yea |
| Krekorian | — | Yea |
| Logue | — | Yea |
| Mendoza | — | Yea |
| Miller | — | Yea |
| Monning | — | Yea |
| Nestande | — | Yea |
| Audra | — | Yea |
| De | — | Not Voting |
| La | — | Not Voting |
| Torre | — | Not Voting |
| Gilmore | — | Not Voting |
| Hall | — | Not Voting |
| Bass | — | Yea |
| Silva | — | Yea |
| Smyth | — | Yea |
| Solorio | — | Yea |
| Torlakson | — | Yea |
| Torres | — | Not Voting |
| Tran | — | Yea |
| Villines | — | Yea |
| Adams | — | Yea |
| Ammiano | — | Not Voting |
| Beall | — | Yea |
| Block | — | Yea |
| Blumenfield | — | Yea |
| Brownley | — | Yea |
| Buchanan | — | Yea |
| Hayashi | — | Yea |
| Huber | — | Yea |
| Lieu | — | Yea |
| Ma | — | Yea |
| Nava | — | Yea |
| Nielsen | — | Yea |
| Ruskin | — | Yea |
| Skinner | — | Yea |
| Swanson | — | Yea |
| Torrico | — | Yea |
| Arambula, Joaquin | Democratic | Yea |
| Caballero, Anna M. | Democratic | Yea |
| Calderon, Lisa | Democratic | Yea |
| Fong, Mike | Democratic | Yea |
| Lowenthal, Josh | Democratic | Yea |
| Jones, Brian W. | Republican | Yea |
| Niello, Roger W. | Republican | Yea |
| Strickland, Tony | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 32 | 0 | 0 | 5 |
| Democratic | 3 | 0 | 0 | 0 |
| Republican | 1 | 0 | 0 | 0 |
| Total | 36 | 0 | 0 | 5 |
| % of votes cast | 88% | 0% | 0% | 12% |
How each member voted (41)
| Member | Party | Vote |
|---|---|---|
| DeSaulnier | — | Yea |
| Denham | — | Yea |
| Florez | — | Yea |
| Yee | — | Yea |
| Wyland | — | Yea |
| Cedillo | — | Not Voting |
| Cogdill | — | Yea |
| Corbett | — | Yea |
| Hancock | — | Yea |
| Hollingsworth | — | Yea |
| Huff | — | Yea |
| Kehoe | — | Yea |
| Liu | — | Yea |
| McLeod | — | Yea |
| Negrete | — | Yea |
| Runner | — | Yea |
| Correa | — | Yea |
| Cox | — | Yea |
| Oropeza | — | Yea |
| Alquist | — | Yea |
| Ashburn | — | Yea |
| Benoit | — | Yea |
| Ducheny | — | Yea |
| Dutton | — | Yea |
| Pavley | — | Yea |
| Romero | — | Yea |
| Steinberg | — | Yea |
| Wiggins | — | Not Voting |
| Wolk | — | Yea |
| Aanestad | — | Yea |
| Harman | — | Not Voting |
| Leno | — | Yea |
| Maldonado | — | Not Voting |
| Price | — | Yea |
| Simitian | — | Yea |
| Walters | — | Yea |
| Wright | — | Not Voting |
| Calderon, Lisa | Democratic | Yea |
| Lowenthal, Josh | Democratic | Yea |
| Padilla, Stephen C. | Democratic | Yea |
| Strickland, Tony | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 22 | 13 | 0 | 1 |
| Democratic | 3 | 0 | 0 | 0 |
| Republican | 0 | 1 | 0 | 0 |
| Total | 25 | 14 | 0 | 1 |
| % of votes cast | 63% | 35% | 0% | 3% |
How each member voted (40)
| Member | Party | Vote |
|---|---|---|
| Wyland | — | Nay |
| Correa | — | Yea |
| Cox | — | Nay |
| DeSaulnier | — | Yea |
| Denham | — | Nay |
| Florez | — | Yea |
| Yee | — | Nay |
| Hancock | — | Yea |
| Harman | — | Nay |
| Huff | — | Nay |
| Negrete | — | Yea |
| Kehoe | — | Yea |
| Leno | — | Yea |
| McLeod | — | Yea |
| Oropeza | — | Yea |
| Runner | — | Nay |
| Cedillo | — | Yea |
| Cogdill | — | Yea |
| Romero | — | Yea |
| Simitian | — | Yea |
| Walters | — | Nay |
| Wiggins | — | Yea |
| Wright | — | Yea |
| Alquist | — | Yea |
| Ashburn | — | Not Voting |
| Benoit | — | Nay |
| Corbett | — | Yea |
| Ducheny | — | Yea |
| Dutton | — | Nay |
| Aanestad | — | Nay |
| Hollingsworth | — | Nay |
| Liu | — | Yea |
| Maldonado | — | Nay |
| Pavley | — | Yea |
| Steinberg | — | Yea |
| Wolk | — | Yea |
| Calderon, Lisa | Democratic | Yea |
| Lowenthal, Josh | Democratic | Yea |
| Padilla, Stephen C. | Democratic | Yea |
| Strickland, Tony | Republican | Nay |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 21 | 12 | 0 | 3 |
| Democratic | 3 | 0 | 0 | 0 |
| Republican | 0 | 1 | 0 | 0 |
| Total | 24 | 13 | 0 | 3 |
| % of votes cast | 60% | 33% | 0% | 8% |
How each member voted (40)
| Member | Party | Vote |
|---|---|---|
| Cox | — | Nay |
| DeSaulnier | — | Yea |
| Denham | — | Nay |
| Florez | — | Yea |
| Yee | — | Yea |
| Hancock | — | Yea |
| Wolk | — | Yea |
| Cedillo | — | Yea |
| Kehoe | — | Yea |
| Leno | — | Yea |
| Liu | — | Yea |
| McLeod | — | Yea |
| Negrete | — | Yea |
| Corbett | — | Yea |
| Ducheny | — | Yea |
| Oropeza | — | Yea |
| Pavley | — | Yea |
| Romero | — | Yea |
| Simitian | — | Yea |
| Steinberg | — | Yea |
| Wiggins | — | Yea |
| Wyland | — | Nay |
| Runner | — | Nay |
| Hollingsworth | — | Nay |
| Cogdill | — | Not Voting |
| Walters | — | Nay |
| Wright | — | Yea |
| Ashburn | — | Not Voting |
| Correa | — | Not Voting |
| Dutton | — | Nay |
| Aanestad | — | Nay |
| Alquist | — | Yea |
| Benoit | — | Nay |
| Harman | — | Nay |
| Huff | — | Nay |
| Maldonado | — | Nay |
| Calderon, Lisa | Democratic | Yea |
| Lowenthal, Josh | Democratic | Yea |
| Padilla, Stephen C. | Democratic | Yea |
| Strickland, Tony | Republican | Nay |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 51 | 0 | 0 | 33 |
| Democratic | 4 | 0 | 0 | 1 |
| Republican | 1 | 0 | 0 | 2 |
| Total | 56 | 0 | 0 | 36 |
| % of votes cast | 61% | 0% | 0% | 39% |
How each member voted (92)
| Member | Party | Vote |
|---|---|---|
| Emmerson | — | Not Voting |
| Eng | — | Yea |
| Evans | — | Yea |
| DeVore | — | Not Voting |
| Fuller | — | Not Voting |
| Furutani | — | Yea |
| Gilmore | — | Not Voting |
| Carter | — | Yea |
| Chesbro | — | Yea |
| Coto | — | Yea |
| Feuer | — | Yea |
| Fuentes | — | Yea |
| Galgiani | — | Yea |
| Hall | — | Yea |
| Hayashi | — | Yea |
| De | — | Yea |
| La | — | Yea |
| Torre | — | Yea |
| De | — | Yea |
| Leon | — | Yea |
| Bonnie | — | Yea |
| V. | — | Yea |
| Manuel | — | Yea |
| Perez | — | Yea |
| John | — | Yea |
| A. | — | Yea |
| Perez | — | Yea |
| Portantino | — | Yea |
| Salas | — | Yea |
| Saldana | — | Yea |
| Ammiano | — | Yea |
| Beall | — | Yea |
| Hill | — | Yea |
| Huber | — | Yea |
| Huffman | — | Yea |
| Lieu | — | Yea |
| Ma | — | Yea |
| Nava | — | Yea |
| Price | — | Yea |
| Solorio | — | Yea |
| Torlakson | — | Yea |
| Torres | — | Yea |
| Bill | — | Not Voting |
| Berryhill | — | Not Voting |
| Tom | — | Not Voting |
| Berryhill | — | Not Voting |
| Charles | — | Not Voting |
| Yamada | — | Yea |
| Fletcher | — | Not Voting |
| Gaines | — | Not Voting |
| Audra | — | Not Voting |
| Conway | — | Not Voting |
| Cook | — | Not Voting |
| Garrick | — | Not Voting |
| Hagman | — | Not Voting |
| Harkey | — | Not Voting |
| Jeffries | — | Not Voting |
| Logue | — | Not Voting |
| Mendoza | — | Not Voting |
| Miller | — | Not Voting |
| Nestande | — | Not Voting |
| Nielsen | — | Not Voting |
| Silva | — | Not Voting |
| Adams | — | Not Voting |
| Anderson | — | Not Voting |
| Bass | — | Yea |
| Davis | — | Not Voting |
| Duvall | — | Not Voting |
| Torrico | — | Yea |
| Tran | — | Not Voting |
| Blakeslee | — | Not Voting |
| Block | — | Yea |
| Blumenfield | — | Yea |
| Brownley | — | Yea |
| Buchanan | — | Yea |
| Hernandez | — | Yea |
| Knight | — | Not Voting |
| Krekorian | — | Yea |
| Monning | — | Yea |
| Ruskin | — | Yea |
| Skinner | — | Yea |
| Smyth | — | Not Voting |
| Swanson | — | Yea |
| Villines | — | Not Voting |
| Arambula, Joaquin | Democratic | Yea |
| Caballero, Anna M. | Democratic | Yea |
| Calderon, Lisa | Democratic | Not Voting |
| Fong, Mike | Democratic | Yea |
| Lowenthal, Josh | Democratic | Yea |
| Jones, Brian W. | Republican | Yea |
| Niello, Roger W. | Republican | Not Voting |
| Strickland, Tony | Republican | Not Voting |
Subjects
Frequently asked questions
- What does AB 7 do?
- Existing law provides that whenever the Controller draws a warrant upon the Treasurer payable out of the General Fund in an amount in excess of the balance remaining in the unapplied money in the General Fund, as specified, the Controller shall upon the same day present it to the Treasurer who shall endorse it in accordance with certain procedures, thereby creating registered warrants. The Controller, with the approval of the Pooled Money Investment Board, is authorized to fix a maturity date for registered warrants. This bill would allow a registered warrant to be redeemed at the option of the Pooled Money Investment Board prior to the maturity date of the warrant at a redemption price, calculated as specified. The California Constitution authorizes the Governor to declare a fiscal emergency and to call the Legislature into special session for that purpose. The Governor issued a proclamation declaring a fiscal emergency, and calling a special session for this purpose, on December 19, 2008. This bill would state that it addresses the fiscal emergency declared by the Governor by proclamation issued on December 19, 2008, pursuant to the California Constitution. This bill would declare that it is to take effect immediately as an urgency statute.
- Who sponsors AB 7?
- AB 7 is sponsored by Evans.
- What is the current status of AB 7?
- This bill has been enacted into law. Introduced January 05, 2009. Enacted.
- Where can I track AB 7?
- Track AB 7 free on One Click Politics — get push/email alerts when it moves.
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