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AB 1493 California Assembly · 2011-2012 Regular Session

State and local government.

Summary
Existing law establishes the Local Agency Investment Fund, authorizes a local government having money in its treasury not required for immediate needs to remit it to the Treasurer for deposit in that fund for the purpose of investment, and prescribes the handling of that money. This bill would establish the Voluntary Investment Program Fund within the State Treasury for the receipt of voluntary deposits from local entities, as specified. The bill would provide that the deposits in the fund may be used only to cover short-term cash needs of the state, as specified. This bill would appropriate $1,000 from the General Fund to the Department of Finance for the administration of its provisions. This bill would declare that it is to take effect immediately as a bill providing for appropriations related to the Budget Bill.
Bill status passed 3 of 5 stages cleared
Introduction
Jan 2012
Committee Review
Aug 2012
Assembly Passage
Mar 2012
Senate Passage
Governor
Introduced Jan 10, 2012 Last action Aug 27, 2012
Floor votes · Assembly Mar 22, 2012

How they voted

46–23
Passed · 10 other
Total votes 79
Mar 22, 2012
D Democratic51
46 Yea 5
90% Yea
I Independent1
1
0% Nay
R Republican27
23 Nay 4
85% Nay
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
17
Key actions
3
Committee
6
Aug 27, 2012
Committee
Re-referred to Com. on RLS.
upper
Jun 25, 2012
Upper · Passed
From committee: Do pass. (Ayes 10. Noes 2.) (June 25).
upper
Jun 7, 2012
Committee
Re-referred to Com. on B. & F.R.
upper
Apr 19, 2012
Committee
Referred to Com. on RLS.
upper
Mar 22, 2012
Assembly · Passed
Assembly Vote: pass (46-23-10)
assembly
Feb 9, 2012
Committee
Referred to Com. on BUDGET.
lower
Jan 11, 2012
Lower · Passed
From printer. May be heard in committee February 10.
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.