California State University: fees: investments.
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SB 104 — California State University: fees: investments.
Last action — Ordered to inactive file on request of Assembly Member Calderon.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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3Passed Senate
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4Passed Assembly
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5To Executive
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6Enacted
This bill died with 2015-2016 Regular Session. It reached “Passed Senate” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 authorizes the Treasurer or chief fiscal officer of a campus of the California State University to invest certain money received by the California State University in eligible securities and in investment certificates or withdrawal shares in federal or state credit unions doing business in this state as long as any money invested in this manner is fully insured by the National Credit Union Administration. This bill would authorize the Treasurer or chief fiscal officer of a campus of the California State University to invest that money in mutual funds subject to registration by, and under the regulatory authority of, the United States Securities and Exchange Commission, or in real estate investment trusts. The bill would impose specified requirements on the Trustees of the California State University relating to those types of investments. Existing law establishes the California State University Special Projects Fund, which consists of grants, revenues, and funds for the operation, support, and development of research, workshops, conferences, institutes, and special projects in the California State University. Existing law authorizes the Treasurer to invest money from the fund in eligible securities. This bill would authorize the Treasurer or chief fiscal officer of a campus of the California State University to invest the money in the California State University Special Projects Fund in mutual funds subject to registration by, and under the regulatory authority of, the United States Securities and Exchange Commission, or in real estate investment trusts. This bill would limit the total amount invested in these mutual funds and real estate investment trusts to specified amounts for each fiscal year, until, commencing with the 2019–20 fiscal year, up to 30% of that money could be invested in these asset categories.
Bill Text
- Amended 08/26/15 - Amended Assembly Current pdf August 26, 2015
- Amended 08/25/15 - Amended Assembly pdf August 25, 2015
- Introduced 01/09/15 - Introduced pdf January 09, 2015
- SB104 View text html
Action History
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Ordered to inactive file on request of Assembly Member Calderon.
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Read second time. Ordered to third reading.
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From committee: Do pass. (Ayes 27. Noes 0.) (August 27).
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From committee with author's amendments. Read second time and amended. Re-referred to Com. on BUDGET.
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From committee with author's amendments. Read second time and amended. Re-referred to Com. on BUDGET.
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Joint Rule 62(a) suspended.
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Referred to Com. on BUDGET.
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In Assembly. Read first time. Held at Desk.
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Read third time. Passed. (Ayes 23. Noes 13. Page 387.) Ordered to the Assembly.
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Read second time. Ordered to third reading.
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From committee: Ordered to second reading.
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Referred to Com. on RLS.
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Read first time.
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From printer. May be acted upon on or after February 11.
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Introduced. To Com. on RLS. for assignment. To print.
Sponsors
- Committee on Budget and Fiscal Review · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 121 not signed on · 4 voted No
Sponsors (1)
- Committee on Budget and Fiscal Review
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 | 23 | 0 | 0 | 0 |
| Democratic | 1 | 0 | 0 | 0 |
| Republican | 3 | 0 | 0 | 0 |
| Total | 27 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (27)
| Member | Party | Vote |
|---|---|---|
| Bigelow | — | Yea |
| Bloom | — | Yea |
| Jones-Sawyer | — | Yea |
| Chávez | — | Yea |
| Campos | — | Yea |
| Cooper | — | Yea |
| Melendez | — | Yea |
| Mullin | — | Yea |
| Nazarian | — | Yea |
| Obernolte | — | Yea |
| Gordon | — | Yea |
| Kim | — | Yea |
| Chiu | — | Yea |
| McCarty | — | Yea |
| O'Donnell | — | Yea |
| Rodriguez | — | Yea |
| Thurmond | — | Yea |
| Ting | — | Yea |
| Weber | — | Yea |
| Wilk | — | Yea |
| Williams | — | Yea |
| Jim Patterson | — | Yea |
| Travis Allen | — | Yea |
| Bonta, Mia | Democratic | Yea |
| Grove, Shannon | Republican | Yea |
| Jones, Brian W. | Republican | Yea |
| Lackey, Tom | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 21 | 12 | 0 | 3 |
| Democratic | 2 | 1 | 0 | 0 |
| Total | 23 | 13 | 0 | 3 |
| % of votes cast | 59% | 33% | 0% | 8% |
How each member voted (39)
| Member | Party | Vote |
|---|---|---|
| Anderson | — | Nay |
| Beall | — | Yea |
| Block | — | Yea |
| Hernandez | — | Yea |
| Hueso | — | Yea |
| Liu | — | Yea |
| Wieckowski | — | Yea |
| Galgiani | — | Yea |
| Allen | — | Yea |
| Mitchell | — | Yea |
| Hertzberg | — | Yea |
| Hill | — | Yea |
| Lara | — | Yea |
| Leno | — | Yea |
| Mendoza | — | Yea |
| Pan | — | Yea |
| Wolk | — | Yea |
| Roth | — | Yea |
| Cannella | — | Nay |
| Runner | — | Nay |
| De León | — | Not Voting |
| Fuller | — | Nay |
| Hancock | — | Yea |
| Huff | — | Nay |
| Leyva | — | Yea |
| Monning | — | Yea |
| Bates | — | Nay |
| Moorlach | — | Not Voting |
| Morrell | — | Nay |
| Nielsen | — | Nay |
| Pavley | — | Not Voting |
| Vidak | — | Nay |
| Hall | — | Yea |
| Beth Gaines | — | Nay |
| Bill Berryhill | — | Nay |
| Mark Stone | — | Nay |
| Jackson, Corey A. | Democratic | Yea |
| McGuire, Mike | Democratic | Yea |
| Nguyen, Stephanie | Democratic | Nay |
Subjects
Frequently asked questions
- What does SB 104 do?
- Existing law authorizes the Treasurer or chief fiscal officer of a campus of the California State University to invest certain money received by the California State University in eligible securities and in investment certificates or withdrawal shares in federal or state credit unions doing business in this state as long as any money invested in this manner is fully insured by the National Credit Union Administration. This bill would authorize the Treasurer or chief fiscal officer of a campus of the California State University to invest that money in mutual funds subject to registration by, and under the regulatory authority of, the United States Securities and Exchange Commission, or in real estate investment trusts. The bill would impose specified requirements on the Trustees of the California State University relating to those types of investments. Existing law establishes the California State University Special Projects Fund, which consists of grants, revenues, and funds for the operation, support, and development of research, workshops, conferences, institutes, and special projects in the California State University. Existing law authorizes the Treasurer to invest money from the fund in eligible securities. This bill would authorize the Treasurer or chief fiscal officer of a campus of the California State University to invest the money in the California State University Special Projects Fund in mutual funds subject to registration by, and under the regulatory authority of, the United States Securities and Exchange Commission, or in real estate investment trusts. This bill would limit the total amount invested in these mutual funds and real estate investment trusts to specified amounts for each fiscal year, until, commencing with the 2019–20 fiscal year, up to 30% of that money could be invested in these asset categories.
- Who sponsors SB 104?
- SB 104 is sponsored by Committee on Budget and Fiscal Review.
- What is the current status of SB 104?
- This bill died with 2015-2016 Regular Session. It reached “Passed Senate” 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 104?
- Track SB 104 free on One Click Politics — get push/email alerts when it moves.
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