Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
8.0 KiB
type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
| type | title | description | jurisdiction | legislature | session | identifier | citation | classification | subjects | status | primary_sponsors | version_count | action_count | vote_count | first_action | last_action | source | source_identifier | source_url | source_hash | vintage | source_snapshot | retrieved_at | confidence | tags | ||||||
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| Bill | Small business financial development corporations: loans and loan guarantees. | (1) The California Small Business Financial Development Corporation Law authorizes the formation of small business financial development corporations to grant loans or loan guarantees for the purpose of stimulating small business development. The law imposes certain duties with respect thereto on a director designated by the Secretary of Business, Transportation and Housing. The California Small Business Expansion Fund, which is created under that law and is continuously appropriated, provides funds to be used to pay for defaulted loan guarantees and administrative costs of these corporations. Existing law, until January 1, 2013, specifies that the amount of guarantee liability outstanding at any one time shall not exceed 5 times the amount of funds on deposit in the expansion fund plus any receivables due from funds loaned from the fund to another fund in state government, as specified. Existing law, beginning January 1, 2013, instead provides that the amount of guarantee liability outstanding shall not exceed 4 times those amounts. | us/states/ca | California Legislature | 20112012 | AB 2671 | California AB 2671 (20112012) |
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7 | 24 | 8 | 2012-03-05 | 2012-09-27 | openstates | ocd-bill/596788e7-a70e-444e-882a-a066e9b1f81d | http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201120120AB2671 | c93206df16d3a0602193b373f3ff161cef402ecca783e05c13af6442b0d2665a | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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California AB 2671 (20112012) — Small business financial development corporations: loans and loan guarantees.
(1) The California Small Business Financial Development Corporation Law authorizes the formation of small business financial development corporations to grant loans or loan guarantees for the purpose of stimulating small business development. The law imposes certain duties with respect thereto on a director designated by the Secretary of Business, Transportation and Housing. The California Small Business Expansion Fund, which is created under that law and is continuously appropriated, provides funds to be used to pay for defaulted loan guarantees and administrative costs of these corporations. Existing law, until January 1, 2013, specifies that the amount of guarantee liability outstanding at any one time shall not exceed 5 times the amount of funds on deposit in the expansion fund plus any receivables due from funds loaned from the fund to another fund in state government, as specified. Existing law, beginning January 1, 2013, instead provides that the amount of guarantee liability outstanding shall not exceed 4 times those amounts.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
- 03/05/12 - Introduced (filed) — source
- 03/26/12 - Amended Assembly (committee substitute) — source
- 04/26/12 - Amended Assembly (committee substitute) — source
- 08/21/12 - Amended Senate (committee substitute) — source
- 09/27/12 - Chaptered (committee substitute) — source
- AB2671 (committee substitute) — source
- 09/07/12 - Enrolled (enrolled) — source
Votes
- Do pass as amended. — 7–0 (pass) · upper
- Placed on Appropriations Suspense file. — 7–0 (pass) · upper
- AB 2671 J., E.D. & E. Concurrence in Senate Amendments By PÉREZ, V.M. — 78–0 (pass) · lower
- Do pass, but re-refer to the Committee on Appropriations. — 8–0 (pass) · upper
- 3rd Reading AB2671 Committee on Jobs, Economic Devel By Price — 37–0 (pass) · upper
- AB 2671 J., E.D. & E. Assembly Third Reading By PÉREZ, V.M. — 75–0 (pass) · lower
- Do pass as amended and be re-referred to the Committee on Appropriations. — 6–0 (pass) · lower
- Do pass. — 16–0 (pass) · lower
Sponsors
- Committee on Jobs, Economic Development, and the Economy — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2012-03-05 Read first time. To print.
reading-1 - 2012-03-06 From printer. May be heard in committee April 5.
- 2012-03-19 Referred to Com. on J., E.D. & E.
referral-committee - 2012-03-26 From committee chair, with author's amendments: Amend, and re-refer to Com. on J., E.D. & E. Read second time and amended.
reading-2, amendment-introduction, reading-1, amendment-passage - 2012-03-27 Re-referred to Com. on J., E.D. & E.
referral-committee - 2012-04-25 From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (April 17).
amendment-passage, committee-passage, committee-passage-favorable - 2012-04-26 Read second time and amended.
reading-2, reading-1, amendment-passage - 2012-04-30 Re-referred to Com. on APPR.
referral-committee - 2012-05-16 From committee: Do pass. (Ayes 16. Noes 0.) (May 16).
committee-passage, committee-passage-favorable - 2012-05-17 Read second time. Ordered to third reading.
reading-2, reading-1 - 2012-05-21 Read third time. Passed. Ordered to the Senate. (Ayes 75. Noes 0. Page 4926.)
reading-3, reading-1, passage - 2012-05-21 In Senate. Read first time. To Com. on RLS. for assignment.
reading-1 - 2012-05-31 Referred to Com. on B., P. & E.D.
referral-committee - 2012-07-03 From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (July 2). Re-referred to Com. on APPR.
referral-committee, committee-passage, committee-passage-favorable - 2012-08-06 In committee: Referred to APPR. suspense file.
referral-committee - 2012-08-20 From committee: Do pass as amended. (Ayes 7. Noes 0.) (August 16).
amendment-passage, committee-passage, committee-passage-favorable - 2012-08-21 Read second time and amended. Ordered to third reading.
reading-2, reading-1, amendment-passage - 2012-08-23 Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 4747.).
reading-3, reading-1, passage - 2012-08-24 In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 28 pursuant to Assembly Rule 77.
- 2012-08-27 Assembly Rule 77 suspended. (Page 6357.)
- 2012-08-28 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 0. Page 6429.).
committee-passage-favorable, amendment-passage - 2012-09-11 Enrolled and presented to the Governor at 12:30 p.m.
- 2012-09-27 Approved by the Governor.
executive-signature - 2012-09-27 Chaptered by Secretary of State - Chapter 648, Statutes of 2012.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/596788e7-a70e-444e-882a-a066e9b1f81d. Confidence: reported (aggregated from official California legislature records).