republic-os/legislation/us/states/ca/20152016/sb-797.md

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
Bill	Government finance.	Existing law specifies the types of securities that are eligible for the investment of surplus state funds, including commercial paper of "prime" quality as defined by a nationally recognized organization that rates these securities, if the commercial paper is issued by a corporation, trust, or limited liability company that is approved by the Pooled Money Investment Board as meeting specified conditions. Existing law prohibits a purchase of commercial paper from exceeding 180 days maturity.	us/states/ca	California Legislature	20152016	SB 797	California SB 797 (20152016)	bill	Government finance.	enacted	Committee on Governmental Organization	5	20	5	2015-03-12	2015-09-02	openstates	ocd-bill/1a6e8a09-3b46-43af-8da0-02cd4d4978b2	http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201520160SB797	10ee9789250add04b5cc9f8077a8cd87752e54ff23060c06b2ebd8b60f2e9bad	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-ca

California SB 797 (20152016) — Government finance.

Existing law specifies the types of securities that are eligible for the investment of surplus state funds, including commercial paper of "prime" quality as defined by a nationally recognized organization that rates these securities, if the commercial paper is issued by a corporation, trust, or limited liability company that is approved by the Pooled Money Investment Board as meeting specified conditions. Existing law prohibits a purchase of commercial paper from exceeding 180 days maturity.

Version chain

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

1. 03/12/15 - Introduced (filed) — source
2. 04/15/15 - Amended Senate (committee substitute) — source
3. 09/02/15 - Chaptered (committee substitute) — source
4. SB797 (committee substitute) — source
5. 08/24/15 - Enrolled (enrolled) — source

Votes

• Do pass. To Consent Calendar. — 16–0 (pass) · lower
• Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — 11–0 (pass) · lower
• Consent Calendar 2nd SB797 Committee On G.O. — 36–0 (pass) · upper
• Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — 7–0 (pass) · upper
• SB 797 G.O. Consent Calendar Second Day — 79–0 (pass) · lower

Sponsors

• Committee on Governmental Organization — primary (person)

Timeline

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

• 2015-03-12 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
• 2015-03-13 From printer. May be acted upon on or after April 12.
• 2015-03-19 Referred to Com. on G.O. referral-committee
• 2015-04-15 From committee with author's amendments. Read second time and amended. Re-referred to Com. on G.O. referral-committee, reading-2, amendment-passage, committee-passage, reading-1
• 2015-04-16 Set for hearing April 28.
• 2015-04-28 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 7. Noes 0. Page 797.) (April 28). Re-referred to Com. on APPR. referral-committee, committee-passage-favorable, committee-passage
• 2015-05-01 Set for hearing May 11.
• 2015-05-11 From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar. committee-passage, reading-2
• 2015-05-12 Read second time. Ordered to consent calendar. reading-2, reading-1
• 2015-05-18 Read third time. Passed. (Ayes 36. Noes 0. Page 1028.) Ordered to the Assembly. reading-3, passage, reading-1
• 2015-05-18 In Assembly. Read first time. Held at Desk. reading-1
• 2015-06-11 Referred to Com. on B. & F. referral-committee
• 2015-07-07 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 11. Noes 0.) (July 6). Re-referred to Com. on APPR. referral-committee, committee-passage-favorable, committee-passage
• 2015-07-15 From committee: Do pass. Ordered to consent calendar. (Ayes 16. Noes 0.) (July 15). committee-passage-favorable, committee-passage
• 2015-07-16 Read second time. Ordered to consent calendar. reading-2, reading-1
• 2015-08-20 Read third time. Passed. (Ayes 79. Noes 0. Page 2534.) Ordered to the Senate. reading-3, passage, reading-1
• 2015-08-20 In Senate. Ordered to engrossing and enrolling.
• 2015-08-26 Enrolled and presented to the Governor at 4:30 p.m.
• 2015-09-02 Approved by the Governor. executive-signature
• 2015-09-02 Chaptered by Secretary of State. Chapter 249, Statutes of 2015.

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/1a6e8a09-3b46-43af-8da0-02cd4d4978b2. Confidence: reported (aggregated from official California legislature records).