California 2009-2010, 4th Special Session Status: Enacted

AB 25 — Surplus state funds.

Last action — Chaptered by Secretary of State. Chapter 24, Statutes of 2009-10 Fourth Extraordinary Session.

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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 July 02, 2009. 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 3 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

(1) The California State Lottery Act of 1984, enacted by initiative, authorizes a California State Lottery and provides for its operation and administration by the California State Lottery Commission and the Director of the California State Lottery, with certain limitations. The act provides that none of its provisions may be changed by the Legislature except to further its purpose by a bill passed by a23 vote of each house of the Legislature and signed by the Governor. This bill would authorize the Lottery Commission to purchase and sell assets in its own name, invest funds on deposit in the State Lottery Fund within or outside the State Treasury system, and purchase and sell securities, including entering into bond purchase agreements with the state to purchase state general obligation bonds, or invest in other evidence of indebtedness issued by the state. The bill would declare that it furthers the purpose of the act. (2) Existing law specifies the types of securities that are eligible for the investment of surplus state funds. This bill would additionally include warrants and negotiable order of withdrawal accounts as being eligible for this investment. (3) Existing law requires the Board of Directors of the State Compensation Insurance Fund to invest moneys in the State Compensation Insurance Fund that are in excess of current requirements to be invested and reinvested, in the same manner as provided for private insurance carriers. This bill would authorize the State Compensation Insurance Fund to purchase any general obligation bonds or other evidence of indebtedness issued by the state, including notes or warrants, in any amount and to enter into purchase contracts with the state for this purpose. (4) 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 July 1, 2009. This bill would state that it addresses the fiscal emergency declared by the Governor by proclamation issued on July 1, 2009, pursuant to the California Constitution. (5) This bill would declare that it is to take effect immediately as an urgency statute.

Bill Text

Action History

  1. Chaptered by Secretary of State. Chapter 24, Statutes of 2009-10 Fourth Extraordinary Session.

  2. Approved by the Governor.

  3. Enrolled and to the Governor at 4:30 p.m.

  4. Urgency clause adopted. Senate amendments concurred in. To enrollment. (Ayes 67. Noes 11. Page 74.)

  5. Assembly Rule 77 suspended.

  6. In Assembly. Concurrence in Senate amendments pending.

  7. Read third time. Urgency clause adopted. Passed and to Assembly. (Ayes 39. Noes 0. Page 62.)

  8. (Ayes 24. Noes 12. Page 43.)

  9. Senate Rule 29.3 suspended.

  10. (Ayes 37. Noes 1. Page 43.)

  11. Joint Rule 10.5 suspended.

  12. Read third time, amended, and returned to third reading.

  13. Read second time. To third reading.

  14. Withdrawn from committee. Ordered placed on second reading file.

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

  16. Read third time, passed, and to Senate. (Ayes 47. Noes 2. Page 31.)

  17. Read second time. To third reading.

  18. Ordered to second reading.

  19. Without reference to committee.

  20. From printer.

  21. Read first time. To print.

Sponsors

  • Evans · Primary

Sponsorship breakdown

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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.

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

Assembly 3rd Reading AB25 Evans

Passed 40 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 36001
Democratic 3000
Republican 1000
Total 40001
% of votes cast 98%0%0%2%
How each member voted (41)
Member Party Vote
Wyland — Yea
Corbett — Yea
Correa — Yea
Cox — Yea
DeSaulnier — Yea
Denham — Yea
Florez — Yea
Yee — Yea
Cogdill — Yea
Hancock — Yea
Ducheny — Yea
Huff — Yea
Kehoe — Yea
McLeod — Yea
Negrete — Yea
Runner — Yea
Aanestad — Yea
Alquist — Yea
Benoit — Yea
Dutton — Yea
Oropeza — Yea
Pavley — Yea
Price — Yea
Simitian — Yea
Cedillo — Not Voting
Walters — Yea
Wiggins — Yea
Wright — Yea
Ashburn — Yea
Harman — Yea
Hollingsworth — Yea
Leno — Yea
Liu — Yea
Maldonado — Yea
Romero — Yea
Steinberg — Yea
Wolk — Yea
Calderon, Lisa Democratic Yea
Lowenthal, Josh Democratic Yea
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Yea

Official roll call →

AB 25 EVANS Concurrence- Urgency Added Fourth Extraordinary Session

Passed 78 Yea · 11 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 701102
Democratic 5000
Republican 3000
Total 781102
% of votes cast 86%12%0%2%
How each member voted (91)
Member Party Vote
Emmerson — Yea
Eng — Yea
DeVore — Nay
Yamada — Yea
Fuentes — Yea
Garrick — Yea
Carter — Yea
Chesbro — Yea
Conway — Yea
Bill — Yea
Berryhill — Yea
Evans — Yea
Feuer — Yea
Furutani — Yea
Charles — Yea
Galgiani — Yea
Gilmore — Yea
Hall — Yea
Hernandez — Yea
Hill — Yea
Huber — Yea
De — Yea
La — Yea
Torre — Yea
De — Yea
Leon — 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
Audra — Yea
Ammiano — Yea
Blakeslee — Yea
Cook — Yea
Coto — Yea
Davis — Yea
Knight — Yea
Krekorian — Yea
Ma — Yea
Monning — Yea
Nava — Yea
Nielsen — Yea
Skinner — Yea
Solorio — Yea
Swanson — Yea
Torlakson — Yea
Tom — Not Voting
Berryhill — Not Voting
Fuller — Nay
Hagman — Nay
Duvall — Nay
Jeffries — Nay
Anderson — Nay
Bass — Yea
Miller — Nay
Silva — Nay
Torres — Yea
Tran — Yea
Villines — Nay
Adams — Yea
Beall — Yea
Block — Yea
Blumenfield — Yea
Brownley — Yea
Buchanan — Yea
Harkey — Nay
Hayashi — Yea
Huffman — Yea
Lieu — Yea
Logue — Nay
Mendoza — Yea
Nestande — Yea
Ruskin — Yea
Smyth — 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

Official roll call →

AB 25 EVANS Assembly Third Reading Fourth Extraordinary Session

Passed 55 Yea · 3 Nay · 33 Other
Party YeaNayPresentNot Voting
Unaffiliated 512030
Democratic 4001
Republican 0102
Total 553033
% of votes cast 60%3%0%36%
How each member voted (91)
Member Party Vote
Conway — Not Voting
Emmerson — Not Voting
Eng — Yea
Davis — Yea
DeVore — Not Voting
Yamada — Yea
Fuller — Not Voting
Galgiani — Yea
Gilmore — Not Voting
Hagman — Not Voting
Evans — Yea
Feuer — Yea
Carter — Yea
Chesbro — Yea
Fuentes — Yea
Furutani — Yea
Hall — Yea
Hayashi — Yea
Hernandez — Yea
Hill — Yea
Huffman — 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
Beall — Yea
Coto — Yea
Mendoza — Yea
Monning — Yea
Nava — Yea
Ruskin — Yea
Skinner — Yea
Cook — Not Voting
Audra — Nay
Bill — Not Voting
Berryhill — Not Voting
Tom — Not Voting
Berryhill — Not Voting
Charles — Not Voting
Garrick — Not Voting
Fletcher — Not Voting
Gaines — Not Voting
Duvall — Not Voting
Harkey — Not Voting
Anderson — Nay
Bass — Yea
Blakeslee — Not Voting
Jeffries — Not Voting
Knight — Not Voting
Logue — Not Voting
Nestande — Not Voting
Silva — Not Voting
Smyth — Not Voting
Swanson — Yea
Torres — Yea
Torrico — Yea
Villines — Not Voting
Adams — Not Voting
Ammiano — Yea
Block — Yea
Blumenfield — Yea
Brownley — Yea
Buchanan — Yea
Huber — Yea
Krekorian — Not Voting
Lieu — Yea
Ma — Yea
Miller — Not Voting
Nielsen — Not Voting
Solorio — Yea
Torlakson — Yea
Tran — 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 Not Voting
Niello, Roger W. Republican Not Voting
Strickland, Tony Republican Nay

Official roll call →

Subjects

finance
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Frequently asked questions

What does AB 25 do?
(1) The California State Lottery Act of 1984, enacted by initiative, authorizes a California State Lottery and provides for its operation and administration by the California State Lottery Commission and the Director of the California State Lottery, with certain limitations. The act provides that none of its provisions may be changed by the Legislature except to further its purpose by a bill passed by a23 vote of each house of the Legislature and signed by the Governor. This bill would authorize the Lottery Commission to purchase and sell assets in its own name, invest funds on deposit in the State Lottery Fund within or outside the State Treasury system, and purchase and sell securities, including entering into bond purchase agreements with the state to purchase state general obligation bonds, or invest in other evidence of indebtedness issued by the state. The bill would declare that it furthers the purpose of the act. (2) Existing law specifies the types of securities that are eligible for the investment of surplus state funds. This bill would additionally include warrants and negotiable order of withdrawal accounts as being eligible for this investment. (3) Existing law requires the Board of Directors of the State Compensation Insurance Fund to invest moneys in the State Compensation Insurance Fund that are in excess of current requirements to be invested and reinvested, in the same manner as provided for private insurance carriers. This bill would authorize the State Compensation Insurance Fund to purchase any general obligation bonds or other evidence of indebtedness issued by the state, including notes or warrants, in any amount and to enter into purchase contracts with the state for this purpose. (4) 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 July 1, 2009. This bill would state that it addresses the fiscal emergency declared by the Governor by proclamation issued on July 1, 2009, pursuant to the California Constitution. (5) This bill would declare that it is to take effect immediately as an urgency statute.
Who sponsors AB 25?
AB 25 is sponsored by Evans.
What is the current status of AB 25?
This bill has been enacted into law. Introduced July 02, 2009. Enacted.
Where can I track AB 25?
Track AB 25 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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