State funds: investments.
Summary
Existing law specifies the types of securities that are eligible for investment of surplus state funds. This bill would include as a type of security that is eligible for the investment of surplus state funds the bonds, notes, debentures, or other similar obligations of a foreign government of a country that the International Monetary Fund lists as industrialized and for which the full faith and credit of that country has been pledged for the payment of principal and interest, if specified requirements are met.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2019
Committee Review
Floor Vote
Governor
Introduced Feb 21, 2019
Last action Feb 3, 2020
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
0
Committee
2
Feb 3, 2020
Assembly · Failed
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
Jan 31, 2020
Assembly · Failed
Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
Mar 11, 2019
Assembly · Referred to committee
Referred to Com. on B. & F.
Feb 22, 2019
Assembly · Reported by committee
From printer. May be heard in committee March 24.
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Richard Bloom
DDemocratic
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