Existing law prescribes the instruments in, and criteria by, which local agencies, as defined, may invest surplus funds. Existing law authorizes, until January 1, 2012, the investment of up to 30% of those funds in certificates of deposit at a commercial bank, savings bank, savings and loan association, or credit union that uses a private sector entity that assists in the placement of certificates of deposit under specified conditions. This bill would delete the January 1, 2012, sunset date for these provisions, thereby extending the operation of these provisions indefinitely.
Chaptered by Secretary of State. Chapter 112, Statutes of 2010.
Approved by Governor.
Enrolled. To Governor at 2 p.m.
Read third time. Passed. (Ayes 73. Noes 0. Page 5852.) To Senate.
In Senate. To enrollment.
Read second time. To Consent Calendar.
(Heard in committee on June 21.)
From committee: Do pass. To Consent Calendar. (Ayes 12. Noes 0.)
From committee: Do pass, but first be re-referred to Com. on B. & F. with recommendation: To Consent Calendar. (Ayes 9. Noes 0.) Re-referred to Com. on B. & F.
(Heard in Committee on June 16.)
To Coms. on L. GOV. and B. & F.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 34. Noes 0. Page 3415.) To Assembly.
To Special Consent Calendar.
Read second time. To third reading.
From committee: Do pass. (Ayes 9. Noes 0. Page 3292.)
Set for hearing April 21.
From committee: Do pass, but first be re-referred to Com. on B., F. & I. (Ayes 5. Noes 0. Page 3103.) Re-referred to Com. on B., F. & I.
Set for hearing April 7.
To Coms. on L. GOV. and B., F. & I.
From print. May be acted upon on or after March 22.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
|Bill Text Versions||Format|
|02/19/10 - Introduced|
|04/05/10 - Amended Senate|
|06/29/10 - Enrolled|
|07/15/10 - Chaptered|
|No related documents.|
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