California Small Business Expansion Fund: corporate guarantees.
Existing law, the Small Business Financial Assistance Act of 2013, establishes the California Small Business Expansion Fund, a continuously appropriated fund that includes General Fund moneys. The act requires guarantees made by small business financial development corporations to be backed by funds on deposit in the corporation's trust fund account or by receivables due from funds loaned from the corporation's trust fund account to another fund in state government, as specified, and requires these loan guarantees to be secured by a reserve of at least 20%, until January 1, 2018, and 25% thereafter, as specified.
us/states/ca
California Legislature
20152016
SB 936
California SB 936 (20152016)
bill
California Small Business Expansion Fund: corporate guarantees.
California SB 936 (20152016) — California Small Business Expansion Fund: corporate guarantees.
Existing law, the Small Business Financial Assistance Act of 2013, establishes the California Small Business Expansion Fund, a continuously appropriated fund that includes General Fund moneys. The act requires guarantees made by small business financial development corporations to be backed by funds on deposit in the corporation's trust fund account or by receivables due from funds loaned from the corporation's trust fund account to another fund in state government, as specified, and requires these loan guarantees to be secured by a reserve of at least 20%, until January 1, 2018, and 25% thereafter, as specified.
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] with the recommendation: To Consent Calendar — 9–0 (pass) · upper
SB 936 Hertzberg Consent Calendar Second Day — 78–0 (pass) · lower
Do pass as amended and be re-referred to the Committee on [Appropriations] — 9–0 (pass) · lower
Consent Calendar 2nd — 39–0 (pass) · upper
Special Consent — 36–0 (pass) · upper
Do pass. To Consent Calendar. — 20–0 (pass) · lower
Sponsors
Hertzberg — primary (person)
Anderson — coauthor (person)
Brown — coauthor (person)
Cannella — coauthor (person)
Cristina Garcia — coauthor (person)
Dodd — coauthor (person)
Eduardo Garcia — coauthor (person)
Hadley — coauthor (person)
Huff — coauthor (person)
Irwin — coauthor (person)
Kim — coauthor (person)
Rodriguez — coauthor (person)
Wieckowski — coauthor (person)
Timeline
The legislative action history — every referral, reading, and vote.
2016-02-02 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
2016-02-03 From printer. May be acted upon on or after March 4.
2016-02-18 Referred to Com. on B., P. & E.D. referral-committee
2016-03-11 Set for hearing April 11.
2016-04-04 From committee with author's amendments. Read second time and amended. Re-referred to Com. on B., P. & E.D. referral-committee, reading-2, amendment-passage, committee-passage, reading-1
2016-04-12 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 9. Noes 0. Page 3491.) (April 11). Re-referred to Com. on APPR. referral-committee, committee-passage-favorable, committee-passage
2016-04-13 Set for hearing April 18.
2016-04-18 From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar. committee-passage, reading-2
2016-04-19 Read second time. Ordered to consent calendar. reading-2, reading-1
2016-04-21 Read third time. Passed. (Ayes 39. Noes 0. Page 3630.) Ordered to the Assembly. reading-3, passage, reading-1
2016-04-21 In Assembly. Read first time. Held at Desk. reading-1
2016-05-05 Referred to Com. on J., E.D., & E. referral-committee
2016-06-02 From committee with author's amendments. Read second time and amended. Re-referred to Com. on J., E.D., & E. referral-committee, reading-2, amendment-passage, committee-passage, reading-1
2016-06-28 From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (June 21). committee-passage-favorable, committee-passage, amendment-passage
2016-06-29 Read second time and amended. Re-referred to Com. on APPR. referral-committee, reading-2, amendment-passage, reading-1
2016-08-03 From committee: Do pass. Ordered to consent calendar. (Ayes 20. Noes 0.) (August 3). committee-passage-favorable, committee-passage
2016-08-04 Read second time. Ordered to consent calendar. reading-2, reading-1
2016-08-11 Read third time. Passed. (Ayes 78. Noes 0. Page 5778.) Ordered to the Senate. reading-3, passage, reading-1
2016-08-11 In Senate. Concurrence in Assembly amendments pending.
2016-08-16 Ordered to special consent calendar.
2016-08-18 Assembly amendments concurred in. (Ayes 36. Noes 0. Page 5140.) Ordered to engrossing and enrolling. committee-passage-favorable, amendment-passage
2016-08-24 Enrolled and presented to the Governor at 5 p.m.
2016-09-27 Approved by the Governor. executive-signature
2016-09-27 Chaptered by Secretary of State. Chapter 713, Statutes of 2016.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/3376243a-9b38-4cff-8b36-7de4c7fdd330. Confidence: reported (aggregated from official California legislature records).