---
type: "Bill"
title: "Small business financial development corporations."
description: "Small business financial development corporations."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20032004"
identifier: "AB 716"
citation: "California AB 716 (20032004)"
classification: ["bill"]
subjects: ["Small business financial development corporations."]
status: "enacted"
primary_sponsors: ["Chan"]
version_count: 4
action_count: 17
vote_count: 5
first_action: "2003-02-19"
last_action: "2003-08-04"
source: "openstates"
source_identifier: "ocd-bill/0e9c6253-0492-4046-9c92-7e3f6b726062"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=200320040AB716"
source_hash: "928f926ef5fa0f90eca0f953867065ff72f2141762a8797f9b3f75618cafeed4"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ca"]
---

# California AB 716 (20032004) — Small business financial development corporations.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **02/19/03 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200320040AB716&version=20030AB71699INT)
2. **08/04/03 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200320040AB716&version=20030AB71697CHP)
3. **AB716** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=200320040AB716)
4. **07/21/03 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200320040AB716&version=20030AB71698ENR)

## Votes

- Do pass, but re-refer to the Committee on Appropriations. — **pass** (pass) · upper
- ab 716 chan consent calendar second day regular session — **pass** (pass) · lower
- special consent #20 ab716 chan — **pass** (pass) · upper
- do pass, to consent calendar. — **pass** (pass) · lower
- Do pass and be re-referred to the Committee on Appropriations. — **pass** (pass) · lower

## Sponsors

- Chan — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2003-08-04** Chaptered by Secretary of State - Chapter 178, Statutes of 2003.
- **2003-08-03** Approved by the Governor. `executive-signature`
- **2003-07-24** Enrolled and to the Governor at 3 p.m.
- **2003-07-24** In Assembly. To enrollment.
- **2003-07-21** Read third time, passed, and to Assembly. (Ayes 35. Noes 0. Page 1914.) `reading-3, passage, reading-1`
- **2003-07-15** Read second time. To third reading. `reading-2, reading-1`
- **2003-07-14** From committee: Be placed on second reading file pursuant to Senate Rule 28.8. `committee-passage`
- **2003-07-01** From committee: Do pass, and re-refer to Standing Committee on Appropriations with recommendation: To Consent Calendar. Re-referred. (Ayes 10. Noes 0.). `committee-passage-favorable, referral-committee, committee-passage`
- **2003-05-29** Referred to Standing Committee on Governmental Organization. `referral-committee`
- **2003-05-15** In Senate. Read first time. To Standing Committee on Rules for assignment. `reading-1`
- **2003-05-15** Read third time, passed, and to Senate. (Ayes 76. Noes 0. Page 1712.) `reading-3, passage, reading-1`
- **2003-05-12** Read second time. To Consent Calendar. `reading-2, reading-1`
- **2003-05-08** From committee: Do pass. To Consent Calendar. (May 7). `committee-passage-favorable, committee-passage`
- **2003-04-22** From committee: Do pass, and re-refer to Standing Committee on Appropriations Re-referred. (Ayes 10. Noes 0.) (April 22). `committee-passage-favorable, referral-committee, committee-passage`
- **2003-03-10** Referred to Standing Committee on Jobs, Economic Development and the Economy and Standing Committee on Banking and Finance. `referral-committee`
- **2003-02-20** From printer. May be heard in committee March 22.
- **2003-02-19** Read first time. To print. `reading-1`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/0e9c6253-0492-4046-9c92-7e3f6b726062`. Confidence: reported (aggregated from official California legislature records).