Existing law requires the board of directors of the State Compensation Insurance Fund to invest and reinvest, from time to time, all moneys in the State Compensation Insurance Fund in excess of current requirements in the same manner as is authorized in certain provisions applicable to private insurance carriers. Existing law prohibits the board from investing or reinvesting in certain investments, including real estate and call options on common stock.
California SB 1513 (20112012) — State Compensation Insurance Fund: investments.
Existing law requires the board of directors of the State Compensation Insurance Fund to invest and reinvest, from time to time, all moneys in the State Compensation Insurance Fund in excess of current requirements in the same manner as is authorized in certain provisions applicable to private insurance carriers. Existing law prohibits the board from investing or reinvesting in certain investments, including real estate and call options on common stock.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass as amended, and re-refer to the Committee on Appropriations. — 8–0 (pass) · upper
SB 1513 Negrete McLeod Consent Calendar Second Day — 78–0 (pass) · lower
Sponsors
Negrete McLeod — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2012-02-24 Introduced. To Com. on RLS. for assignment. To print. introduction
2012-02-25 From printer. May be acted upon on or after March 26.
2012-02-27 Read first time. reading-1
2012-03-22 Referred to Com. on INS. referral-committee
2012-03-23 Set for hearing April 11.
2012-03-29 From committee with author's amendments. Read second time and amended. Re-referred to Com. on INS. reading-2, reading-1, committee-passage, amendment-passage, referral-committee
2012-04-12 From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 8. Noes 0. Page 3143.) (April 11). amendment-passage, committee-passage, committee-passage-favorable
2012-04-16 Read second time and amended. Re-referred to Com. on APPR. reading-2, reading-1, amendment-passage, referral-committee
2012-04-20 Set for hearing April 30.
2012-04-25 Hearing postponed by committee.
2012-04-27 Set for hearing May 7.
2012-05-07 Hearing postponed by committee.
2012-05-08 Set for hearing May 14.
2012-05-14 Placed on APPR. suspense file.
2012-05-18 Set for hearing May 24.
2012-05-24 From committee: Do pass. (Ayes 7. Noes 0. Page 3598.) (May 24). committee-passage, committee-passage-favorable
2012-05-25 Read second time. Ordered to third reading. reading-2, reading-1
2012-05-29 Read third time. Passed. (Ayes 39. Noes 0. Page 3649.) Ordered to the Assembly. reading-3, reading-1, passage
2012-05-30 In Assembly. Read first time. Held at Desk. reading-1
2012-06-07 Referred to Com. on INS. referral-committee
2012-06-26 From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (June 20). amendment-passage, committee-passage, committee-passage-favorable
2012-06-27 Read second time and amended. Re-referred to Com. on APPR. reading-2, reading-1, amendment-passage, referral-committee
2012-08-09 From committee: Do pass. Ordered to consent calendar. (Ayes 17. Noes 0.) (August 8). committee-passage, committee-passage-favorable
2012-08-13 Read second time. Ordered to consent calendar. reading-2, reading-1
2012-08-16 Read third time. Passed. (Ayes 78. Noes 0. Page 5971.) Ordered to the Senate. reading-3, reading-1, passage
2012-08-16 In Senate. Concurrence in Assembly amendments pending.
2012-08-21 Assembly amendments concurred in. (Ayes 38. Noes 0. Page 4629.) Ordered to engrossing and enrolling. committee-passage-favorable, amendment-passage
2012-08-24 Enrolled and presented to the Governor at 4 p.m.
2012-09-30 Approved by the Governor. executive-signature
2012-09-30 Chaptered by Secretary of State. Chapter 839, Statutes of 2012.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/0dc1b3f7-0706-4dc5-b54e-85924795acfb. Confidence: reported (aggregated from official California legislature records).