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AB 2332 California Assembly · 2021-2022 Regular Session

State funds: investments.

Summary
Existing law requires the Treasurer to invest, or deposit in banks and savings and loan associations, specified state moneys designated as surplus and determined to be available for that purpose by the Pooled Money Investment Board. Existing law prescribes eligible securities for the investment of surplus moneys under these provisions. This bill would make technical and clarifying changes to those provisions. The bill would require that bonds, notes, or other obligations of specified local governments of this state be within the top three ratings of a nationally recognized statistical rating organization. The bill would also add or remove specified securities from the list of eligible securities.
Bill status signed all 5 stages cleared
Introduction
Feb 2022
Committee Review
Jun 2022
Assembly Passage
Apr 2022
Senate Passage
Jun 2022
Signed into Law
Jul 2022
Introduced Feb 16, 2022 Signed Jul 19, 2022
Floor votes · Senate Jun 30, 2022 · Assembly Apr 21, 2022

How they voted

37–0
Passed · 3 other
Total votes 40
Jun 30, 2022
D Democratic31
29 Yea 2
93% Yea
R Republican9
8 Yea 1
88% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
19
Key actions
9
Committee
9
Amendments
1
Jul 19, 2022
Signed into law
Approved by the Governor.
legislature
Jun 30, 2022
Lower · Passed
In Assembly. Ordered to Engrossing and Enrolling.
lower
Jun 30, 2022
Upper · Passed
Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 4575.).
upper
Jun 27, 2022
Upper · Passed
From committee: Be ordered to second reading file pursuant to Senate Rule 28.8 and ordered to Consent Calendar.
upper
Jun 15, 2022
Upper · Passed
From committee: Do pass and re-refer to Com. on APPR with recommendation: To Consent Calendar. (Ayes 14. Noes 0.) (June 14). Re-referred to Com. on APPR.
upper
May 4, 2022
Committee
Referred to Com. on G.O.
upper
Apr 21, 2022
Lower · Passed
Read third time. Passed. Ordered to the Senate. (Ayes 68. Noes 0. Page 4371.)
lower
Apr 6, 2022
Lower · Passed
From committee: Do pass. To Consent Calendar. (Ayes 13. Noes 0.) (April 6).
lower
Mar 29, 2022
Lower · Passed
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 10. Noes 0.) (March 28). Re-referred to Com. on APPR.
lower
Mar 22, 2022
Committee
Re-referred to Com. on B. & F.
lower
Mar 21, 2022
Introduced
From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.
lower
Mar 3, 2022
Committee
Referred to Com. on B. & F.
lower
Feb 17, 2022
Lower · Passed
From printer. May be heard in committee March 19.
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.