Sign Up
SB 623 California Senate · 2009-2010 Regular Session

Local government: bonds.

Summary
Existing law prohibits an investment firm, as defined, from having specified interests in a new issuance of bonds from a local agency. This bill would prohibit a local agency from entering into an underwriting or similar relationship with an individual or firm, with respect to a bond issue that requires voter approval on or after January 1, 2011, if that individual or firm, or an employee, agent, or person related to an employee or agent of the individual or firm, provided or will provide bond campaign services, as defined, to the bond campaign.
Bill status failed 4 of 5 stages cleared
Introduction
Feb 2009
Committee Review
Aug 2010
Senate Passage
May 2009
Assembly Passage
Aug 2010
Governor
Introduced Feb 27, 2009 Last action Nov 30, 2010
Floor votes · Senate May 21, 2009 · Assembly Aug 16, 2010

How they voted

22–5
Passed · 12 other
Total votes 39
May 21, 2009
D Democratic24
8 Yea 5 Nay 11
33% Yea
R Republican15
14 Yea 1
93% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
33
Key actions
8
Committee
10
Amendments
1
Aug 18, 2010
Committee
From committee: Be re-referred to Com. on L. GOV. pursuant to Senate Rule 29.10. (Ayes 4. Noes 0. Page 4565.) Re-referred to Com. on L. GOV.
upper
Aug 18, 2010
Committee
Re-referred to Com. on RLS. pursuant to Senate Rule 29.10.
upper
Aug 16, 2010
Assembly · Passed
Assembly Vote: pass (55-7-11)
assembly
Jul 1, 2010
Lower · Passed
(Heard in committee on June 30.)
lower
Jul 1, 2010
Lower · Passed
From committee: Do pass. (Ayes 5. Noes 2.)
lower
Jun 10, 2010
Lower · Passed
(Heard in committee on June 10.)
lower
Jun 10, 2010
Committee
From committee: Be re-referred to Com. on L. GOV. (Ayes 11. Noes 0.) Re-referred to Com. on L. GOV.
lower
May 28, 2010
Committee
Re-referred to Com. on RULES.
lower
Jun 25, 2009
Lower · Passed
Hearing postponed by committee.
lower
May 21, 2009
Senate · Passed
Senate Vote: pass (22-5-12)
senate
May 19, 2009
Upper · Passed
From committee: Be placed on second reading file pursuant to Senate Rule 28.8.
upper
May 5, 2009
Committee
Read second time. Amended. Re-referred to Com. on APPR.
upper
May 4, 2009
Upper · Passed
From committee: Do pass as amended, but first amend, and re-refer to Com. on APPR. (Ayes 4. Noes 1. Page 685.)
upper
Feb 27, 2009
Introduced
Introduced. To Com. on RLS. for assignment. To print.
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
RA
Roy Ashburn
RRepublican
CA
18