California 2015-2016 Regular Session Status: Enacted 1 D cosponsors

SB 936 — California Small Business Expansion Fund: corporate guarantees.

Last action — Chaptered by Secretary of State. Chapter 713, Statutes of 2016.

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

This bill has been enacted into law. Introduced February 02, 2016. Enacted.

Prognosis

Likely to advance 82% · 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.

  • 13 sponsors

    1 primary, 12 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 D).

  • Cleared a recorded vote

    Passed 6 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, the Small Business Financial Assistance Act of 2013, establishes the California Small Business Expansion Fund, a continuously appropriated fund that includes General Fund moneys. The act requires guarantees made by small business financial development corporations to be backed by funds on deposit in the corporation's trust fund account or by receivables due from funds loaned from the corporation's trust fund account to another fund in state government, as specified, and requires these loan guarantees to be secured by a reserve of at least 20%, until January 1, 2018, and 25% thereafter, as specified. This bill would reduce the required reserve to 10% indefinitely and would make conforming changes with respect to related statements of legislative intent. Existing law prohibits the amount of guarantee liability outstanding at any one time from exceeding 5 times the amount of funds on deposit in the expansion fund plus any receivables due from funds loaned from the expansion fund to another fund in state government, as specified, until January 1, 2018, and 4 times thereafter. This bill would increase that maximum amount to 10 times the amount of funds on deposit in the expansion fund plus any receivables due from funds loaned from the expansion fund to another fund in state government, as specified, would apply that increased amount indefinitely, and would make conforming changes. Existing law requires the program manager under the guidance of the executive director of the California Infrastructure and Economic Development Bank, to, among other things, authorize the distribution, transfer, and withholding of moneys in the expansion fund and trust funds. This bill would also require the program manager to leverage moneys in the expansion fund and trust funds.

Bill Text

Action History

  1. Chaptered by Secretary of State. Chapter 713, Statutes of 2016.

  2. Approved by the Governor.

  3. Enrolled and presented to the Governor at 5 p.m.

  4. Assembly amendments concurred in. (Ayes 36. Noes 0. Page 5140.) Ordered to engrossing and enrolling.

  5. Ordered to special consent calendar.

  6. In Senate. Concurrence in Assembly amendments pending.

  7. Read third time. Passed. (Ayes 78. Noes 0. Page 5778.) Ordered to the Senate.

  8. Read second time. Ordered to consent calendar.

  9. From committee: Do pass. Ordered to consent calendar. (Ayes 20. Noes 0.) (August 3).

  10. Read second time and amended. Re-referred to Com. on APPR.

  11. From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (June 21).

  12. From committee with author's amendments. Read second time and amended. Re-referred to Com. on J., E.D., & E.

  13. Referred to Com. on J., E.D., & E.

  14. In Assembly. Read first time. Held at Desk.

  15. Read third time. Passed. (Ayes 39. Noes 0. Page 3630.) Ordered to the Assembly.

  16. Read second time. Ordered to consent calendar.

  17. From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar.

  18. Set for hearing April 18.

  19. From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 9. Noes 0. Page 3491.) (April 11). Re-referred to Com. on APPR.

  20. From committee with author's amendments. Read second time and amended. Re-referred to Com. on B., P. & E.D.

  21. Set for hearing April 11.

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

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

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

Sponsors

  • Anderson · Cosponsor
  • Brown · Cosponsor
  • Cannella · Cosponsor
  • Dodd · Cosponsor
  • Hadley · Cosponsor
  • Hertzberg · Primary
  • Jacqui Irwin · Cosponsor
  • Huff · Cosponsor
  • Kim · Cosponsor
  • Rodriguez · Cosponsor
  • Wieckowski · Cosponsor
  • Eduardo Garcia · Cosponsor
  • Cristina Garcia · Cosponsor

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 12 co-sponsors · 109 not signed on

Sponsors (1)

  • Hertzberg

Co-sponsors (12)

Not signed on (109)

109 members have not signed on to this bill.

Show all 109 →

"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

Special Consent

Passed 36 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 33003
Democratic 3000
Total 36003
% of votes cast 92%0%0%8%
How each member voted (39)
Member Party Vote
Anderson — Yea
Bates — Yea
Block — Yea
Hertzberg — Yea
Leyva — Yea
Moorlach — Yea
Nielsen — Yea
Fuller — Yea
Allen — Yea
Cannella — Yea
Galgiani — Yea
Mitchell — Yea
De León — Yea
Glazer — Yea
Hall — Yea
Beall — Yea
Hernandez — Yea
Hill — Yea
Hueso — Not Voting
Huff — Yea
Lara — Yea
Leno — Yea
Liu — Not Voting
Mendoza — Yea
Monning — Yea
Morrell — Yea
Pan — Yea
Pavley — Yea
Roth — Yea
Vidak — Yea
Wieckowski — Yea
Wolk — Yea
Hancock — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
Mark Stone — Not Voting
Jackson, Corey A. Democratic Yea
McGuire, Mike Democratic Yea
Nguyen, Stephanie Democratic Yea

Official roll call →

SB 936 Hertzberg Consent Calendar Second Day

Passed 78 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 68002
Democratic 5000
Republican 5000
Total 78002
% of votes cast 98%0%0%3%
How each member voted (80)
Member Party Vote
Achadjian — Yea
Alejo — Yea
Baker — Yea
Bloom — Yea
Brough — Yea
Brown — Yea
Harper — Yea
Mathis — Yea
Mayes — Yea
McCarty — Yea
Mullin — Yea
O'Donnell — Yea
Rendon — Yea
Rodriguez — Yea
Santiago — Yea
Wagner — Yea
Wilk — Yea
Eggman — Yea
Chu — Yea
Cooper — Yea
Daly — Yea
Chau — Yea
Linder — Yea
Salas — Yea
Nazarian — Yea
Obernolte — Yea
Olsen — Yea
Weber — Yea
Williams — Yea
Gatto — Yea
Gordon — Yea
Burke — Yea
Holden — Yea
Jones-Sawyer — Yea
Kim — Yea
Levine — Yea
Gray — Yea
Maienschein — Yea
Medina — Yea
Atkins — Yea
Campos — Yea
Bonilla — Yea
Melendez — Yea
Lopez — Yea
Bigelow — Yea
Chang — Yea
Chiu — Yea
Chávez — Yea
Cooley — Yea
Dababneh — Yea
Dodd — Yea
Ridley-Thomas — Yea
Steinorth — Yea
Thurmond — Yea
Waldron — Yea
Low — Not Voting
Quirk — Yea
Ting — Yea
Wood — Yea
Frazier — Yea
Gomez — Yea
Hadley — Yea
Beth Gaines — Yea
Cristina Garcia — Yea
Eduardo Garcia — Yea
Jim Patterson — Yea
Lorena Gonzalez — Yea
Mark Stone — Yea
Roger Hernández — Not Voting
Travis Allen — Yea
Arambula, Joaquin Democratic Yea
Bonta, Mia Democratic Yea
Calderon, Lisa Democratic Yea
Gipson, Mike A. Democratic Yea
Irwin, Jacqui Democratic Yea
Dahle, Megan Republican Yea
Gallagher, James Republican Yea
Grove, Shannon Republican Yea
Jones, Brian W. Republican Yea
Lackey, Tom Republican Yea

Official roll call →

Do pass. To Consent Calendar.

Passed 20 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 16000
Democratic 2000
Republican 2000
Total 20000
% of votes cast 100%0%0%0%
How each member voted (20)
Member Party Vote
Bloom — Yea
Quirk — Yea
Wagner — Yea
Chang — Yea
Bonilla — Yea
Eggman — Yea
Chau — Yea
Daly — Yea
Bigelow — Yea
Holden — Yea
Obernolte — Yea
Santiago — Yea
Weber — Yea
Wood — Yea
Eduardo Garcia — Yea
Lorena Gonzalez — Yea
Bonta, Mia Democratic Yea
Calderon, Lisa Democratic Yea
Gallagher, James Republican Yea
Jones, Brian W. Republican Yea

Official roll call →

Consent Calendar 2nd

Passed 39 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 36001
Democratic 3000
Total 39001
% of votes cast 98%0%0%3%
How each member voted (40)
Member Party Vote
Anderson — Yea
Bates — Yea
Beall — Yea
Hertzberg — Yea
Hill — Yea
Lara — Yea
Liu — Yea
Nielsen — Yea
Roth — Yea
Vidak — Yea
Wieckowski — Yea
Fuller — Yea
Cannella — Yea
Galgiani — Yea
Glazer — Yea
Hernandez — Yea
Leno — Yea
Allen — Yea
Mitchell — Yea
De León — Yea
Moorlach — Yea
Pan — Yea
Pavley — Yea
Wolk — Yea
Runner — Not Voting
Hall — Yea
Hancock — Yea
Hueso — Yea
Huff — Yea
Leyva — Yea
Block — Yea
Mendoza — Yea
Monning — Yea
Morrell — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
Mark Stone — Yea
Jackson, Corey A. Democratic Yea
McGuire, Mike Democratic Yea
Nguyen, Stephanie Democratic Yea

Official roll call →

Subjects

finance labor
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 936 do?
Existing law, the Small Business Financial Assistance Act of 2013, establishes the California Small Business Expansion Fund, a continuously appropriated fund that includes General Fund moneys. The act requires guarantees made by small business financial development corporations to be backed by funds on deposit in the corporation's trust fund account or by receivables due from funds loaned from the corporation's trust fund account to another fund in state government, as specified, and requires these loan guarantees to be secured by a reserve of at least 20%, until January 1, 2018, and 25% thereafter, as specified. This bill would reduce the required reserve to 10% indefinitely and would make conforming changes with respect to related statements of legislative intent. Existing law prohibits the amount of guarantee liability outstanding at any one time from exceeding 5 times the amount of funds on deposit in the expansion fund plus any receivables due from funds loaned from the expansion fund to another fund in state government, as specified, until January 1, 2018, and 4 times thereafter. This bill would increase that maximum amount to 10 times the amount of funds on deposit in the expansion fund plus any receivables due from funds loaned from the expansion fund to another fund in state government, as specified, would apply that increased amount indefinitely, and would make conforming changes. Existing law requires the program manager under the guidance of the executive director of the California Infrastructure and Economic Development Bank, to, among other things, authorize the distribution, transfer, and withholding of moneys in the expansion fund and trust funds. This bill would also require the program manager to leverage moneys in the expansion fund and trust funds.
Who sponsors SB 936?
SB 936 is sponsored by Anderson, Brown, Cannella, Dodd, Hadley, Hertzberg, Irwin, Jacqui (Democratic), Huff, Kim, Rodriguez, Wieckowski, Eduardo Garcia, and Cristina Garcia.
What is the current status of SB 936?
This bill has been enacted into law. Introduced February 02, 2016. Enacted.
Where can I track SB 936?
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