---
type: "Bill"
title: "Financial affairs."
description: "Existing law prescribes the instruments in, and criteria by which, a local agency, as defined, may invest and deposit its funds, including its surplus funds. Existing law authorizes a local agency to invest in certificates of deposit provided that they do not exceed 30% of the agency's funds that may be invested for this purpose, as specified."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20132014"
identifier: "AB 279"
citation: "California AB 279 (20132014)"
classification: ["bill"]
subjects: ["Financial affairs."]
status: "enacted"
primary_sponsors: ["Dickinson"]
version_count: 8
action_count: 23
vote_count: 7
first_action: "2013-02-11"
last_action: "2013-09-06"
source: "openstates"
source_identifier: "ocd-bill/f0676530-808f-4eec-8d46-dbe583b49821"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201320140AB279"
source_hash: "d0edd7a0138b261802c9346d44e3d0819eb903b9672c8284c5536c1b47e828c7"
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 279 (20132014) — Financial affairs.

Existing law prescribes the instruments in, and criteria by which, a local agency, as defined, may invest and deposit its funds, including its surplus funds. Existing law authorizes a local agency to invest in certificates of deposit provided that they do not exceed 30% of the agency's funds that may be invested for this purpose, as specified.

## Version chain

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

1. **02/11/13 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB279&version=20130AB27999INT)
2. **03/21/13 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB279&version=20130AB27998AMD)
3. **05/29/13 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB279&version=20130AB27997AMD)
4. **06/11/13 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB279&version=20130AB27996AMD)
5. **06/26/13 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB279&version=20130AB27995AMD)
6. **09/06/13 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB279&version=20130AB27993CHP)
7. **AB279** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201320140AB279)
8. **08/23/13 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB279&version=20130AB27994ENR)

## Votes

- AB 279 DICKINSON Concurrence in Senate Amendments — **77–0** (pass) · lower
- Do pass as amended. — **9–0** (pass) · upper
- Do pass and be re-referred to the Committee on Banking and Finance. — **9–0** (pass) · lower
- AB 279 DICKINSON Consent Calendar Second Day — **77–0** (pass) · lower
- Do pass, to Consent Calendar. — **12–0** (pass) · lower
- 3rd Reading AB279 Dickinson By Correa — **33–0** (pass) · upper
- Do pass as amended, and re-refer to the Committee on Banking and Financial Institution. — **7–0** (pass) · upper

## Sponsors

- Dickinson — primary (person)

## Timeline

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

- **2013-02-11** Read first time. To print. `reading-1`
- **2013-02-12** From printer. May be heard in committee March 14.
- **2013-02-21** Referred to Com. on L. GOV. `referral-committee`
- **2013-03-21** From committee chair, with author's amendments: Amend, and re-refer to Com. on L. GOV. Read second time and amended. `amendment-introduction, amendment-passage, reading-2, reading-1`
- **2013-04-01** Re-referred to Com. on L. GOV. `referral-committee`
- **2013-04-04** From committee: Do pass and re-refer to Com. on B. & F. (Ayes 9. Noes 0.) (April 3). Re-referred to Com. on B. & F. `committee-passage-favorable, referral-committee, committee-passage`
- **2013-04-09** From committee: Do pass. To consent calendar. (Ayes 12. Noes 0.) (April 8). `committee-passage-favorable, committee-passage`
- **2013-04-10** Read second time. Ordered to consent calendar. `reading-2, reading-1`
- **2013-04-15** Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 921.) `reading-3, reading-1, passage`
- **2013-04-15** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
- **2013-04-25** Referred to Coms. on GOV. & F. and B. & F.I. `referral-committee`
- **2013-05-08** In committee: Set, first hearing. Hearing canceled at the request of author.
- **2013-05-29** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on GOV. & F. `amendment-introduction, amendment-passage, reading-2, reading-1, referral-committee`
- **2013-06-10** From committee: Do pass as amended and re-refer to Com. on B. & F.I. (Ayes 7. Noes 0.) (June 5). `committee-passage-favorable, committee-passage, amendment-passage`
- **2013-06-11** Read second time and amended. Re-referred to Com. on B. & F.I. `amendment-passage, reading-2, reading-1, referral-committee`
- **2013-06-25** From committee: Do pass as amended. (Ayes 9. Noes 0.) (June 19). `committee-passage-favorable, committee-passage, amendment-passage`
- **2013-06-26** Read second time and amended. Ordered to third reading. `reading-2, reading-1, amendment-passage`
- **2013-07-08** Read third time. Passed. Ordered to the Assembly. (Ayes 33. Noes 0. Page 1693.). `reading-3, reading-1, passage`
- **2013-08-05** In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 7 pursuant to Assembly Rule 77.
- **2013-08-19** Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 77. Noes 0. Page 2576.). `committee-passage-favorable, amendment-passage`
- **2013-08-26** Enrolled and presented to the Governor at 4:15 p.m.
- **2013-09-06** Approved by the Governor. `executive-signature`
- **2013-09-06** Chaptered by Secretary of State - Chapter 228, Statutes of 2013.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/f0676530-808f-4eec-8d46-dbe583b49821`. Confidence: reported (aggregated from official California legislature records).