AB 1933 California Assembly · 2013-2014 Regular Session

Local government: investments.

Summary

Existing law authorizes the legislative body of a local agency having money in a sinking fund or money in its treasury not required for immediate needs to invest any portion of the money that it deems wise or expedient in specified securities and financial instruments. This bill would authorize the legislative body of a local agency to also invest in United States dollar denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by certain banks, as specified, and would require these investments to be rated "AA" or better and to not exceed 30% of the agency's moneys that may be invested.

Bill status signed all 5 stages cleared

Introduction

Feb 2014

Committee Review

Jun 2014

Assembly Passage

May 2014

Senate Passage

Jun 2014

Signed into Law

Jun 2014

Introduced Feb 19, 2014 Signed Jun 25, 2014

Floor votes · Senate Jun 16, 2014 · Assembly May 1, 2014

How they voted

32–0

Passed · 4 other

Total votes 36

Jun 16, 2014

D Democratic26

23 Yea 3

88% Yea

R Republican10

9 Yea 1

90% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jun 25, 2014

Signed into law

Approved by the Governor.

legislature

Jun 16, 2014

Senate · Passed

Senate Vote: pass (32-0-4)

senate

Jun 16, 2014

Lower · Passed

In Assembly. Ordered to Engrossing and Enrolling.

lower

Jun 11, 2014

Upper · Passed

From committee: Do pass. To consent calendar. (Ayes 7. Noes 0.) (June 11).

upper

May 15, 2014

Committee

Referred to Com. on GOV. & F.

upper

May 1, 2014

Assembly · Passed

Assembly Vote: pass (67-0-3)

assembly

Apr 23, 2014

Lower · Passed

From committee: Do pass as amended. (Ayes 10. Noes 0.) (April 21).

lower

Apr 3, 2014

Lower · Passed

From committee: Do pass and re-refer to Com. on B. & F. (Ayes 9. Noes 0.) (April 2). Re-referred to Com. on B. & F.

lower

Mar 3, 2014

Committee

Referred to Coms. on L. GOV. and B. & F.

lower

Feb 20, 2014

Lower · Passed

From printer. May be heard in committee March 22.

lower

1 primary · 0 co-sponsors