Student financial aid: Golden State Scholarshare Trust Act.
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SB 791 — Student financial aid: Golden State Scholarshare Trust Act.
Last action — Returned to Secretary of Senate pursuant to Joint Rule 56.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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2In 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 “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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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
The Golden State Scholarshare Trust Act establishes the Golden State Scholarshare Trust, under the administration of the Scholarshare Investment Board. Under existing law, parents and others may invest tax-deferred funds with the trust for the purpose of providing financial resources to eventually meet the postsecondary education costs of beneficiaries. This bill would require the Scholarshare Investment Board to consider entering into an agreement with a card issuer, as defined, to require the granting, based on accumulated credit card use, of a reasonable award, or points leading to an award, that would be deposited into Scholarshare trust accounts, as specified. The bill would require the board to report its decision, and the rationale for that decision, at a regularly scheduled public meeting of the board on or before June 30, 2016. The bill would also require the board to report this decision, in writing, to the chairpersons of the education policy committees of the Senate and the Assembly.
Bill Text
- Amended 04/20/15 - Amended Senate Current pdf April 20, 2015
- Introduced 02/27/15 - Introduced pdf February 27, 2015
- SB791 View text html
Action History
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Returned to Secretary of Senate pursuant to Joint Rule 56.
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May 28 hearing: Held in committee and under submission.
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Set for hearing May 28.
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May 11 hearing: Placed on APPR. suspense file.
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Set for hearing May 11.
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Read second time and amended. Re-referred to Com. on APPR.
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From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 8. Noes 0. Page 523.) (April 8).
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Set for hearing April 8.
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Referred to Com. on ED.
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Read first time.
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From printer. May be acted upon on or after April 1.
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Introduced. To Com. on RLS. for assignment. To print.
Sponsors
- Chávez · Cosponsor
- Hertzberg · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 1 co-sponsors · 120 not signed on
Sponsors (1)
- Hertzberg
Co-sponsors (1)
- Chávez
Not signed on (120)
120 members have not signed on to this bill.
Show all 120 →"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 | 7 | 0 | 0 | 0 |
| Total | 7 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (7)
| Member | Party | Vote |
|---|---|---|
| Bates | — | Yea |
| Beall | — | Yea |
| Lara | — | Yea |
| Nielsen | — | Yea |
| Hill | — | Yea |
| Leyva | — | Yea |
| Mendoza | — | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 8 | 0 | 0 | 0 |
| Total | 8 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (8)
| Member | Party | Vote |
|---|---|---|
| Block | — | Yea |
| Mendoza | — | Yea |
| Vidak | — | Yea |
| Hancock | — | Yea |
| Huff | — | Yea |
| Leyva | — | Yea |
| Liu | — | Yea |
| Pan | — | Yea |
Subjects
Frequently asked questions
- What does SB 791 do?
- The Golden State Scholarshare Trust Act establishes the Golden State Scholarshare Trust, under the administration of the Scholarshare Investment Board. Under existing law, parents and others may invest tax-deferred funds with the trust for the purpose of providing financial resources to eventually meet the postsecondary education costs of beneficiaries. This bill would require the Scholarshare Investment Board to consider entering into an agreement with a card issuer, as defined, to require the granting, based on accumulated credit card use, of a reasonable award, or points leading to an award, that would be deposited into Scholarshare trust accounts, as specified. The bill would require the board to report its decision, and the rationale for that decision, at a regularly scheduled public meeting of the board on or before June 30, 2016. The bill would also require the board to report this decision, in writing, to the chairpersons of the education policy committees of the Senate and the Assembly.
- Who sponsors SB 791?
- SB 791 is sponsored by Chávez and Hertzberg.
- What is the current status of SB 791?
- This bill died with 2015-2016 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 791?
- Track SB 791 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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