Government finance: surplus investments: savings and loan associations or credit unions.
It became law on Oct 7, 2021.
- Stage
- Became law
- Started in
- Senate
- Sponsor
- Committee on Banking and Financial Institutions
- Latest action
- Oct 7, 2021
What it does
(1) Existing law specifies the types of securities that are eligible for the investment of surplus state funds, which include bonds or interest-bearing notes on obligations that are guaranteed as to principal and interest by a federal agency of the United States.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
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Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
- Committee on Banking and Financial Institutions
In the news
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Where it goes next
It is law in California. What happens now is up to the agency that carries it out, the courts, and the place itself.