---
type: "Bill"
title: "Business investments: Small Business Financial Assistance Act of 2013."
description: "Existing law, the California Small Business Financial Development Corporation Law, creates the California Small Business Board and the California Small Business Expansion Fund, a continuously appropriated fund which includes General Fund moneys. Existing law authorizes the formation of small business financial development corporations to grant loans from, or guarantee loans made by a financial institution or financial company, as defined, against, moneys awarded to the corporation from the expansion fund for the purpose of stimulating small business development. Existing law authorizes a director designated by the Secretary of Business, Transportation and Housing, the latter office abolished by existing law and the Governor's Reorganization Plan No. 2 of 2012, effective on July 3, 2012, and operative July 1, 2013, to perform specified duties under that law. A violation of certain conflict-of-interest provisions by the director and other persons, as specified, is a crime."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20132014"
identifier: "AB 1247"
citation: "California AB 1247 (20132014)"
classification: ["bill", "appropriation"]
subjects: ["Business investments: Small Business Financial Assistance Act of 2013."]
status: "enacted"
primary_sponsors: ["Medina"]
version_count: 10
action_count: 40
vote_count: 8
first_action: "2013-02-22"
last_action: "2013-10-04"
source: "openstates"
source_identifier: "ocd-bill/b0f4aca3-7966-45ba-89b6-7ebb803adbb4"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201320140AB1247"
source_hash: "09981a7ff71a654e9d0151e05ecbe12143fef53ecfe2c0967988321afa775a3c"
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 1247 (20132014) — Business investments: Small Business Financial Assistance Act of 2013.

Existing law, the California Small Business Financial Development Corporation Law, creates the California Small Business Board and the California Small Business Expansion Fund, a continuously appropriated fund which includes General Fund moneys. Existing law authorizes the formation of small business financial development corporations to grant loans from, or guarantee loans made by a financial institution or financial company, as defined, against, moneys awarded to the corporation from the expansion fund for the purpose of stimulating small business development. Existing law authorizes a director designated by the Secretary of Business, Transportation and Housing, the latter office abolished by existing law and the Governor's Reorganization Plan No. 2 of 2012, effective on July 3, 2012, and operative July 1, 2013, to perform specified duties under that law. A violation of certain conflict-of-interest provisions by the director and other persons, as specified, is a crime.

## Version chain

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

1. **02/22/13 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB1247&version=20130AB124799INT)
2. **04/17/13 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB1247&version=20130AB124798AMD)
3. **06/05/13 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB1247&version=20130AB124797AMD)
4. **06/18/13 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB1247&version=20130AB124796AMD)
5. **07/08/13 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB1247&version=20130AB124795AMD)
6. **08/12/13 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB1247&version=20130AB124794AMD)
7. **09/06/13 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB1247&version=20130AB124793AMD)
8. **10/04/13 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB1247&version=20130AB124791CHP)
9. **AB1247** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201320140AB1247)
10. **09/18/13 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB1247&version=20130AB124792ENR)

## Votes

- Do pass, to Consent Calendar. — **17–0** (pass) · lower
- AB 1247 MEDINA Consent Calendar Second Day — **70–0** (pass) · lower
- AB 1247 MEDINA Concurrence - Urgency Added — **78–0** (pass) · lower
- Special Consent #10 AB1247 Medina By Hueso Urgency Clause — **39–0** (pass) · upper
- Do pass as amended, but re-refer to the Committee on Appropriations Recommend Consent. — **7–0** (pass) · upper
- Do pass and be re-referred to the Committee on Appropriations to Consent Calendar. — **9–0** (pass) · lower
- Do pass, but re-refer to the Committee on Governance and Finance. — **11–0** (pass) · upper
- Consent Calendar 2nd — **38–0** (pass) · upper

## Sponsors

- Medina — primary (person)
- Bocanegra — author (person)
- Hueso — principal coauthor (person)

## Timeline

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

- **2013-02-22** Introduced. To print. `introduction`
- **2013-02-24** From printer. May be heard in committee March 26.
- **2013-02-25** Read first time. `reading-1`
- **2013-03-11** Referred to Com. on J., E.D., & E. `referral-committee`
- **2013-04-17** From committee chair, with author's amendments: Amend, and re-refer to Com. on J., E.D., & E. Read second time and amended. `amendment-introduction, amendment-passage, reading-2, reading-1`
- **2013-04-18** Re-referred to Com. on J., E.D., & E. `referral-committee`
- **2013-04-23** From committee: Do pass and re-refer to Com. on APPR. with recommendation: to consent calendar. (Ayes 9. Noes 0.) (April 23). Re-referred to Com. on APPR. `committee-passage-favorable, referral-committee, committee-passage`
- **2013-05-09** From committee: Do pass. To consent calendar. (Ayes 17. Noes 0.) (May 8). `committee-passage-favorable, committee-passage`
- **2013-05-13** Read second time. Ordered to consent calendar. `reading-2, reading-1`
- **2013-05-16** Read third time. Passed. Ordered to the Senate. (Ayes 70. Noes 0. Page 1478.) `reading-3, reading-1, passage`
- **2013-05-16** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
- **2013-05-29** Referred to Com. on RLS. `referral-committee`
- **2013-06-05** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on RLS. `amendment-introduction, amendment-passage, reading-2, reading-1, referral-committee`
- **2013-06-13** Re-referred to Coms. on G.O., GOV. & F., and B. & F.I. `referral-committee`
- **2013-06-18** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on G.O. `amendment-introduction, amendment-passage, reading-2, reading-1, referral-committee`
- **2013-06-25** From committee: Do pass and re-refer to Com. on GOV. & F. (Ayes 11. Noes 0.) (June 25). Re-referred to Com. on GOV. & F. `committee-passage-favorable, referral-committee, committee-passage`
- **2013-06-25** Withdrawn from committee.
- **2013-06-25** Re-referred to Com. on RLS. `referral-committee`
- **2013-06-27** Re-referred to Com. on GOV. & F. `referral-committee`
- **2013-07-03** From committee: Do pass as amended and re-refer to Com. on APPR. with recommendation: to consent calendar. (Ayes 7. Noes 0.) (July 3). `committee-passage-favorable, committee-passage, amendment-passage`
- **2013-07-08** Read second time and amended. Re-referred to Com. on APPR. `amendment-passage, reading-2, reading-1, referral-committee`
- **2013-08-12** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on APPR. `amendment-introduction, amendment-passage, reading-2, reading-1, referral-committee`
- **2013-08-12** From committee: Be placed on second reading file pursuant to Senate Rule 28.8 and ordered to consent calendar. `committee-passage`
- **2013-08-13** Read second time. Ordered to consent calendar. `reading-2, reading-1`
- **2013-08-15** Read third time. Urgency clause adopted. Passed. Ordered to the Assembly. (Ayes 38. Noes 0. Page 1844.). `reading-3, reading-1, passage`
- **2013-08-15** In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 17 pursuant to Assembly Rule 77.
- **2013-08-19** Ordered to the Senate.
- **2013-08-19** In Senate. Held at Desk.
- **2013-09-06** Action rescinded whereby the bill was read third time, urgency clause adopted, passed, and to Assembly. `passage, reading-3`
- **2013-09-06** Read third time and amended. Ordered to second reading. `reading-3, reading-1, amendment-passage`
- **2013-09-09** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2013-09-10** Ordered to special consent calendar.
- **2013-09-11** From Special Consent Calendar.
- **2013-09-11** Ordered to third reading.
- **2013-09-11** Read third time. Urgency clause adopted. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 2382.). `reading-3, reading-1, passage`
- **2013-09-11** In Assembly. Concurrence in Senate amendments pending.
- **2013-09-12** Urgency clause adopted. Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 0. Page 3303.). `committee-passage-favorable, amendment-passage`
- **2013-09-26** Enrolled and presented to the Governor at 4:30 p.m.
- **2013-10-04** Approved by the Governor. `executive-signature`
- **2013-10-04** Chaptered by Secretary of State - Chapter 537, Statutes of 2013.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b0f4aca3-7966-45ba-89b6-7ebb803adbb4`. Confidence: reported (aggregated from official California legislature records).