(1) Existing law, until January 1, 2020, establishes the Social Innovation Financing Program, and requires the Board of State and Community Corrections to administer the program. Existing law, among other things, authorizes the board, upon appropriation of funds by the Legislature for deposit into the Recidivism Reduction Fund, to award grants in amounts of not less than $500,000 and not more than $2,000,000 to each of 3 counties, selected as specified, for the purpose of entering into a pay for success or social innovation financing contract, pursuant to which private investors agree to provide financing to service providers to achieve social outcomes agreed upon in advance and the government agency that is a party to the contractual agreement agrees to pay a return on the investment to the investors if successful programmatic outcomes are achieved by the service provider. Existing law limits the total amount of the grants awarded to $5,000,000. Existing law requires each county receiving an award to report annually to the Governor and Legislature on the status of its program. Existing law requires the board to compile the county reports and submit a summary report to the Governor and the Legislature annually.
California AB 1056 (20152016) — Second Chance Program.
(1) Existing law, until January 1, 2020, establishes the Social Innovation Financing Program, and requires the Board of State and Community Corrections to administer the program. Existing law, among other things, authorizes the board, upon appropriation of funds by the Legislature for deposit into the Recidivism Reduction Fund, to award grants in amounts of not less than $500,000 and not more than $2,000,000 to each of 3 counties, selected as specified, for the purpose of entering into a pay for success or social innovation financing contract, pursuant to which private investors agree to provide financing to service providers to achieve social outcomes agreed upon in advance and the government agency that is a party to the contractual agreement agrees to pay a return on the investment to the investors if successful programmatic outcomes are achieved by the service provider. Existing law limits the total amount of the grants awarded to $5,000,000. Existing law requires each county receiving an award to report annually to the Governor and Legislature on the status of its program. Existing law requires the board to compile the county reports and submit a summary report to the Governor and the Legislature annually.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass, but first be re-referred to the Committee on [Appropriations] — 6–0 (pass) · upper
Sponsors
Atkins — primary (person)
De León — principal coauthor (person)
Timeline
The legislative action history — every referral, reading, and vote.
2015-02-26 Read first time. To print. reading-1
2015-02-27 From printer. May be heard in committee March 29.
2015-03-19 Referred to Com. on H. & C.D. referral-committee
2015-04-20 From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended. reading-2, amendment-introduction, amendment-passage, reading-1
2015-04-21 Re-referred to Com. on H. & C.D. referral-committee
2015-04-29 From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (April 29). amendment-introduction, committee-passage, amendment-passage
2015-04-30 Read second time and amended. amendment-passage, reading-2, reading-1
2015-05-04 Re-referred to Com. on APPR. referral-committee
2015-05-21 From committee chair, with author's amendments: Amend, and re-refer to Com. on APPR. Read second time and amended. reading-2, amendment-introduction, amendment-passage, reading-1
2015-05-22 Re-referred to Com. on APPR. referral-committee
2015-05-27 From committee: Do pass. To Consent Calendar. (Ayes 17. Noes 0.) (May 27). committee-passage-favorable, committee-passage
2015-05-28 Read second time. Ordered to Consent Calendar. reading-2, reading-1
2015-06-02 Read third time. Passed. Ordered to the Senate. (Ayes 78. Noes 0. Page 1817.) reading-3, passage, reading-1
2015-06-02 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2015-06-11 Referred to Com. on PUB. S. referral-committee
2015-06-30 From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (June 30). Re-referred to Com. on APPR. referral-committee, committee-passage-favorable, committee-passage
2015-07-13 In committee: Referred to suspense file. referral-committee
2015-08-27 From committee: Amend, and do pass as amended. (Ayes 7. Noes 0.) (August 27). amendment-introduction, committee-passage, amendment-passage
2015-08-31 Read second time and amended. Ordered to third reading. amendment-passage, reading-2, reading-1
2015-09-01 Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0. Page 2374.). reading-3, passage, reading-1
2015-09-01 In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 3 pursuant to Assembly Rule 77.
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