republic-os/legislation/us/states/ca/20172018/ab-2041.md

---
type: "Bill"
title: "University of California: Office of the Chief Investment Officer."
description: "Existing law establishes the University of California, under the administration of the Regents of the University of California, as one of the segments of public postsecondary education in this state. Under existing law, the University of California provides instruction at 10 campuses, which are located in Berkeley, Davis, Irvine, Los Angeles, Merced, Riverside, San Diego, San Francisco, Santa Barbara, and Santa Cruz. The regents have established the Office of the Chief Investment Officer (OCIO) and have assigned to that office the task of responsibly investing various funds of the university, including, but not limited to, endowment and pension funds."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20172018"
identifier: "AB 2041"
citation: "California AB 2041 (20172018)"
classification: ["bill"]
subjects: ["University of California: Office of the Chief Investment Officer."]
status: "enacted"
primary_sponsors: ["Caballero"]
version_count: 7
action_count: 23
vote_count: 6
first_action: "2018-02-06"
last_action: "2018-09-29"
source: "openstates"
source_identifier: "ocd-bill/1602ac9f-f993-4705-9fb0-ebfcb402148b"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180AB2041"
source_hash: "163271b79107548fba246ce8ca482bd12af57847ff8f31fec5e9704182c80c44"
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 AB 2041 (20172018) — University of California: Office of the Chief Investment Officer.

Existing law establishes the University of California, under the administration of the Regents of the University of California, as one of the segments of public postsecondary education in this state. Under existing law, the University of California provides instruction at 10 campuses, which are located in Berkeley, Davis, Irvine, Los Angeles, Merced, Riverside, San Diego, San Francisco, Santa Barbara, and Santa Cruz. The regents have established the Office of the Chief Investment Officer (OCIO) and have assigned to that office the task of responsibly investing various funds of the university, including, but not limited to, endowment and pension funds.

## Version chain

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

1. **02/06/18 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB2041&version=20170AB204199INT)
2. **03/22/18 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB2041&version=20170AB204198AMD)
3. **05/25/18 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB2041&version=20170AB204197AMD)
4. **06/18/18 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB2041&version=20170AB204196AMD)
5. **09/29/18 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB2041&version=20170AB204194CHP)
6. **AB2041** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180AB2041)
7. **08/22/18 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180AB2041&version=20170AB204195ENR)

## Votes

- AB 2041 CABALLERO Concurrence in Senate Amendments — **56–23** (pass) · lower
- Do pass, but first be re-referred to the Committee on [Appropriations] — **6–1** (pass) · upper
- AB 2041 CABALLERO Assembly Third Reading — **53–23** (pass) · lower
- Do pass as amended. — **12–4** (pass) · lower
- Do pass and be re-referred to the Committee on [Appropriations] — **9–4** (pass) · lower
- 3rd Reading AB2041 Caballero et al. By Mitchell — **27–8** (pass) · upper

## Sponsors

- Caballero — primary (person)
- Holden — coauthor (person)
- Reyes — coauthor (person)

## Timeline

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

- **2018-02-06** Read first time. To print. `reading-1`
- **2018-02-07** From printer. May be heard in committee March 9.
- **2018-02-16** Referred to Com. on HIGHER ED. `referral-committee`
- **2018-03-22** From committee chair, with author's amendments: Amend, and re-refer to Com. on HIGHER ED. Read second time and amended. `amendment-introduction, amendment-passage, reading-2, reading-1`
- **2018-04-02** Re-referred to Com. on HIGHER ED. `referral-committee`
- **2018-04-04** From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 4.) (April 3). Re-referred to Com. on APPR. `committee-passage-favorable, committee-passage, referral-committee`
- **2018-04-18** In committee: Set, first hearing. Referred to APPR. suspense file. `referral-committee`
- **2018-05-25** From committee: Amend, and do pass as amended. (Ayes 12. Noes 4.) (May 25). `amendment-passage, committee-passage, amendment-introduction`
- **2018-05-25** Read second time and amended. Ordered returned to second reading. `reading-1, amendment-passage, reading-2`
- **2018-05-29** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2018-05-30** Read third time. Passed. Ordered to the Senate. (Ayes 53. Noes 23. Page 5528.) `reading-3, passage, reading-1`
- **2018-05-31** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
- **2018-06-07** Referred to Com. on ED. `referral-committee`
- **2018-06-18** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on ED. `amendment-passage, referral-committee, reading-2, reading-1, amendment-introduction`
- **2018-06-28** From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 1.) (June 27). Re-referred to Com. on APPR. `committee-passage-favorable, committee-passage, referral-committee`
- **2018-08-06** From committee: Be ordered to second reading pursuant to Senate Rule 28.8. `committee-passage, reading-2`
- **2018-08-07** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2018-08-13** Read third time. Passed. Ordered to the Assembly. (Ayes 27. Noes 8. Page 5269.). `reading-3, passage, reading-1`
- **2018-08-14** In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 16 pursuant to Assembly Rule 77.
- **2018-08-20** Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 56. Noes 23. Page 6369.). `committee-passage-favorable, amendment-passage`
- **2018-08-24** Enrolled and presented to the Governor at 4:30 p.m.
- **2018-09-29** Approved by the Governor. `executive-signature`
- **2018-09-29** Chaptered by Secretary of State - Chapter 912, Statutes of 2018.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/1602ac9f-f993-4705-9fb0-ebfcb402148b`. Confidence: reported (aggregated from official California legislature records).