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---
type: "Bill"
title: "Economic development: small business."
description: "(1) Existing law establishes the California Economic Development Fund in the State Treasury to receive economic development funds and loan repayment and grant proceeds and authorizes the Secretary of Business, Transportation and Housing, upon appropriation by the Legislature, to expend the fund's revenue to provide matching funds for economic development purposes. Existing law establishes certain definitions in this regard and defines a financial intermediary and a community development intermediary to include, among other things, microenterprise development organizations."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20112012"
identifier: "AB 901"
citation: "California AB 901 (20112012)"
classification: ["bill"]
subjects: ["Economic development: small business."]
status: "enacted"
primary_sponsors: ["V. Manuel Pérez"]
version_count: 11
action_count: 30
vote_count: 9
first_action: "2011-02-17"
last_action: "2011-10-06"
source: "openstates"
source_identifier: "ocd-bill/b8537d0e-7e3b-415f-a4f5-5d26619519c6"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201120120AB901"
source_hash: "6df4fc740afa1cd4544620693e19b8379ca643f2373b17fe5358afbdf1098be9"
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 901 (20112012) — Economic development: small business.
(1) Existing law establishes the California Economic Development Fund in the State Treasury to receive economic development funds and loan repayment and grant proceeds and authorizes the Secretary of Business, Transportation and Housing, upon appropriation by the Legislature, to expend the fund's revenue to provide matching funds for economic development purposes. Existing law establishes certain definitions in this regard and defines a financial intermediary and a community development intermediary to include, among other things, microenterprise development organizations.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **02/17/11 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB901&version=20110AB90199INT)
2. **05/10/11 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB901&version=20110AB90198AMD)
3. **05/27/11 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB901&version=20110AB90197AMD)
4. **06/21/11 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB901&version=20110AB90196AMD)
5. **06/27/11 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB901&version=20110AB90195AMD)
6. **07/13/11 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB901&version=20110AB90194AMD)
7. **08/15/11 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB901&version=20110AB90193AMD)
8. **08/30/11 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB901&version=20110AB90192AMD)
9. **10/06/11 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB901&version=20110AB90190CHP)
10. **AB901** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201120120AB901)
11. **09/12/11 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB901&version=20110AB90191ENR)
## Votes
- Do pass and be re-referred to the Committee on Jobs, Economic Development and The Economy. — **120** (pass) · lower
- Do pass as amended. — **170** (pass) · lower
- Do pass as amended. — **90** (pass) · upper
- AB 901 PÉREZ, V.M. Concurrence in Senate Amendments — **725** (pass) · lower
- Placed on Appropriations Suspense file. — **90** (pass) · upper
- 3rd Reading AB901 V. Manuel Pérez By Price — **390** (pass) · upper
- AB 901 PÉREZ, V.M. Assembly Third Reading — **717** (pass) · lower
- Do pass as amended, and re-refer to the Committee on Appropriations. — **70** (pass) · upper
- Do pass as amended and be re-referred to the Committee on Appropriations. — **60** (pass) · lower
## Sponsors
- V. Manuel Pérez — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2011-02-17** Read first time. To print. `reading-1`
- **2011-02-18** From printer. May be heard in committee March 20.
- **2011-03-10** Referred to Coms. on B. & F. and J., E.D. & E. `referral-committee`
- **2011-04-26** From committee: Do pass and re-refer to Com. on J., E.D. & E. (Ayes 12. Noes 0.) (April 25). Re-referred to Com. on J., E.D. & E. `referral-committee, committee-passage, committee-passage-favorable`
- **2011-05-09** From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (May 3). `amendment-passage, committee-passage, committee-passage-favorable`
- **2011-05-10** Read second time and amended. `reading-2, reading-1, amendment-passage`
- **2011-05-11** Re-referred to Com. on APPR. `referral-committee`
- **2011-05-18** In committee: Hearing postponed by committee.
- **2011-05-27** From committee: Do pass as amended. (Ayes 17. Noes 0.) (May 27). `amendment-passage, committee-passage, committee-passage-favorable`
- **2011-05-27** Read second time and amended. Ordered to second reading. `reading-2, reading-1, amendment-passage`
- **2011-05-31** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2011-06-02** Read third time. Passed. Ordered to the Senate. (Ayes 71. Noes 7. Page 1798.) `reading-3, reading-1, passage`
- **2011-06-02** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
- **2011-06-16** Referred to Com. on B. & F.I. `referral-committee`
- **2011-06-21** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.I. `reading-2, amendment-introduction, reading-1, amendment-passage, referral-committee`
- **2011-06-27** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.I. `reading-2, amendment-introduction, reading-1, amendment-passage, referral-committee`
- **2011-07-12** From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (July 6). `amendment-passage, committee-passage, committee-passage-favorable`
- **2011-07-13** Read second time and amended. Re-referred to Com. on APPR. `reading-2, reading-1, amendment-passage, referral-committee`
- **2011-08-15** In committee: Hearing postponed by committee.
- **2011-08-15** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on APPR. `reading-2, amendment-introduction, reading-1, amendment-passage, referral-committee`
- **2011-08-22** In committee: Placed on APPR. suspense file.
- **2011-08-29** From committee: Do pass as amended. (Ayes 9. Noes 0.) (August 25). `amendment-passage, committee-passage, committee-passage-favorable`
- **2011-08-30** Read second time and amended. Ordered to third reading. `reading-2, reading-1, amendment-passage`
- **2011-09-01** Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 2250.). `reading-3, reading-1, passage`
- **2011-09-02** In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 7 pursuant to Assembly Rule 77.
- **2011-09-06** Assembly Rule 77 suspended. (Page 2932.)
- **2011-09-06** Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 72. Noes 5. Page 2935.). `committee-passage-favorable, amendment-passage`
- **2011-09-19** Enrolled and presented to the Governor at 1:30 p.m.
- **2011-10-05** Approved by the Governor. `executive-signature`
- **2011-10-06** Chaptered by Secretary of State - Chapter 483, Statutes of 2011.
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b8537d0e-7e3b-415f-a4f5-5d26619519c6`. Confidence: reported (aggregated from official California legislature records).