California 2015-2016 Regular Session Status: Introduced

ACA 10 — A resolution to propose to the people of the State of California an amendment to the Constitution of the State, by amending Section 20 of Article XVI thereof, relating to the state budget.

Last action — Read first time.

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

This bill died with 2015-2016 Regular Session. It reached “Introduced” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 provisions of the California Constitution, approved by the electors on November, 4, 2014, establish the Budget Stabilization Account in the General Fund and require the Controller, on or before October 1 of the 2015–16 fiscal year and each fiscal year thereafter, to transfer from the General Fund to the Budget Stabilization Account amounts that include a sum equal to 1.5% of the estimated amount of General Fund revenues for that fiscal year. These existing provisions prohibit for each fiscal year transfers to the Budget Stabilization Account that would cause the balance in the account to exceed 10% of the amount of General Fund proceeds of taxes for the fiscal year as estimated by the Department of Finance. This measure would increase from 1.5% to 3% the percentage of estimated General Fund proceeds of taxes required to be transferred from the General Fund to the Budget Stabilization Account for each fiscal year. This measure would also increase the maximum balance of the Budget Stabilization Account for each fiscal year from 10% to 15% of the amount of General Fund proceeds of taxes for the fiscal year as estimated by the Department of Finance.

Bill Text

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1 line(s) added, 1 removed.

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Action History

  1. Read first time.

  2. From printer. May be heard in committee March 22.

  3. Introduced. To print.

Sponsors

  • Melendez · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 121 not signed on

Sponsors (1)

  • Melendez

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

Subjects

finance
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 ACA 10 do?
Existing provisions of the California Constitution, approved by the electors on November, 4, 2014, establish the Budget Stabilization Account in the General Fund and require the Controller, on or before October 1 of the 2015–16 fiscal year and each fiscal year thereafter, to transfer from the General Fund to the Budget Stabilization Account amounts that include a sum equal to 1.5% of the estimated amount of General Fund revenues for that fiscal year. These existing provisions prohibit for each fiscal year transfers to the Budget Stabilization Account that would cause the balance in the account to exceed 10% of the amount of General Fund proceeds of taxes for the fiscal year as estimated by the Department of Finance. This measure would increase from 1.5% to 3% the percentage of estimated General Fund proceeds of taxes required to be transferred from the General Fund to the Budget Stabilization Account for each fiscal year. This measure would also increase the maximum balance of the Budget Stabilization Account for each fiscal year from 10% to 15% of the amount of General Fund proceeds of taxes for the fiscal year as estimated by the Department of Finance.
Who sponsors ACA 10?
ACA 10 is sponsored by Melendez.
What is the current status of ACA 10?
This bill died with 2015-2016 Regular Session. It reached “Introduced” 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 ACA 10?
Track ACA 10 free on One Click Politics — get push/email alerts when it moves.

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