AB 1206 California Assembly · 2013-2014 Regular Session

State agency funds: security for deposits.

Summary

Existing law requires a bank, in order to be eligible to receive demand or time deposits of state funds, to deposit security with the Treasurer and specifies the securities that may be used for this purpose. Existing law includes specified letters of credit issued by the Federal Home Loan Bank of San Francisco within the list of securities appropriate for deposit. This bill, until January 1, 2019, would revise the reference to letters of credit issued by the Federal Home Loan Bank of San Francisco in the provision described above to refer instead to a letter of credit issued by a federal home loan bank.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2013

Committee Review

Floor Vote

Governor

Introduced Feb 22, 2013 Last action Feb 3, 2014

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 6, 2013

Lower · Passed

In committee: Hearing postponed by committee.

lower

Apr 29, 2013

Lower · Passed

In committee: Set, first hearing. Hearing canceled at the request of author.

lower

Apr 23, 2013

Committee

Re-referred to Com. on B. & F.

lower

Apr 22, 2013

Introduced

From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.

lower

Apr 18, 2013

Committee

Re-referred to Com. on B. & F.

lower

Apr 17, 2013

Introduced

From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.

lower

Apr 4, 2013

Lower · Passed

In committee: Hearing postponed by committee.

lower

Apr 1, 2013

Committee

Re-referred to Com. on B. & F.

lower

Mar 21, 2013

Introduced

From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.

lower

Mar 21, 2013

Committee

Referred to Com. on B. & F.

lower

Feb 24, 2013

Lower · Passed

From printer. May be heard in committee March 26.

lower

Feb 22, 2013

Introduced

Introduced. To print.

lower

1 primary · 0 co-sponsors