republic-os/legislation/us/states/ca/20152016/sb-1412.md

---
type: "Bill"
title: "California State University: investments."
description: "Existing law authorizes the Treasurer or chief fiscal officer of a campus of the California State University to invest certain money received by the California State University in eligible securities and in investment certificates or withdrawal shares in federal or state credit unions doing business in this state as long as any money invested in this manner is fully insured by the National Credit Union Administration."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20152016"
identifier: "SB 1412"
citation: "California SB 1412 (20152016)"
classification: ["bill", "appropriation"]
subjects: ["California State University: investments."]
status: "enacted"
primary_sponsors: ["Block"]
version_count: 5
action_count: 26
vote_count: 7
first_action: "2016-02-19"
last_action: "2016-09-09"
source: "openstates"
source_identifier: "ocd-bill/97d79aac-ad6c-4821-9715-c5518a030986"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201520160SB1412"
source_hash: "100760ca08cf70eb6f00ae88b31c26f8650e12a27b97c80d24c0a5caccd6bb96"
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 SB 1412 (20152016) — California State University: investments.

Existing law authorizes the Treasurer or chief fiscal officer of a campus of the California State University to invest certain money received by the California State University in eligible securities and in investment certificates or withdrawal shares in federal or state credit unions doing business in this state as long as any money invested in this manner is fully insured by the National Credit Union Administration.

## Version chain

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

1. **02/19/16 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160SB1412&version=20150SB141299INT)
2. **04/12/16 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160SB1412&version=20150SB141298AMD)
3. **09/09/16 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160SB1412&version=20150SB141296CHP)
4. **SB1412** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201520160SB1412)
5. **08/22/16 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160SB1412&version=20150SB141297ENR)

## Votes

- Do pass. — **20–0** (pass) · lower
- SB 1412 Block Senate Third Reading By MEDINA — **76–0** (pass) · lower
- Placed on suspense file — **7–0** (pass) · upper
- Do pass — **7–0** (pass) · upper
- 3rd Reading — **39–0** (pass) · upper
- Do pass and be re-referred to the Committee on [Appropriations] — **13–0** (pass) · lower
- Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations] — **9–0** (pass) · upper

## Sponsors

- Block — primary (person)

## Timeline

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

- **2016-02-19** Introduced. To Com. on RLS. for assignment. To print. `introduction`
- **2016-02-22** From printer. May be acted upon on or after March 23.
- **2016-02-22** Read first time. `reading-1`
- **2016-03-10** Referred to Com. on ED. `referral-committee`
- **2016-03-11** Set for hearing March 30.
- **2016-03-23** March 30 set for first hearing canceled at the request of author.
- **2016-03-24** Set for hearing April 6.
- **2016-04-11** From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0. Page 3418.) (April 6). `committee-passage-favorable, committee-passage, amendment-passage`
- **2016-04-12** Read second time and amended. Re-referred to Com. on APPR. `referral-committee, reading-2, amendment-passage, reading-1`
- **2016-04-15** Set for hearing April 25.
- **2016-04-25** April 25 hearing: Placed on APPR. suspense file.
- **2016-05-20** Set for hearing May 27.
- **2016-05-27** From committee: Do pass. (Ayes 7. Noes 0. Page 4010.) (May 27). `committee-passage-favorable, committee-passage`
- **2016-05-27** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2016-05-31** Read third time. Passed. (Ayes 39. Noes 0. Page 4056.) Ordered to the Assembly. `reading-3, passage, reading-1`
- **2016-06-01** In Assembly. Read first time. Held at Desk. `reading-1`
- **2016-06-06** Referred to Com. on HIGHER ED. `referral-committee`
- **2016-06-22** From committee: Do pass and re-refer to Com. on APPR. (Ayes 13. Noes 0.) (June 21). Re-referred to Com. on APPR. `referral-committee, committee-passage-favorable, committee-passage`
- **2016-08-03** August 3 set for first hearing. Placed on APPR. suspense file.
- **2016-08-12** From committee: Do pass. (Ayes 20. Noes 0.) (August 11). `committee-passage-favorable, committee-passage`
- **2016-08-15** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2016-08-18** Read third time. Passed. (Ayes 76. Noes 0. Page 5912.) Ordered to the Senate. `reading-3, passage, reading-1`
- **2016-08-19** In Senate. Ordered to engrossing and enrolling.
- **2016-08-24** Enrolled and presented to the Governor at 5 p.m.
- **2016-09-09** Approved by the Governor. `executive-signature`
- **2016-09-09** Chaptered by Secretary of State. Chapter 282, Statutes of 2016.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/97d79aac-ad6c-4821-9715-c5518a030986`. Confidence: reported (aggregated from official California legislature records).