Existing law establishes the Treasurer as the sole agent for offering and selling state bonds. Existing law requires the Treasurer to develop and implement a competitive process for selection of underwriters and for negotiated offerings of bonds. Existing law exempts agreements entered into by the Treasurer in connection with the sale of any evidence of indebtedness pursuant to those provisions from provisions that otherwise govern state contracts for services in general or consulting services.
Existing law establishes the Treasurer as the sole agent for offering and selling state bonds. Existing law requires the Treasurer to develop and implement a competitive process for selection of underwriters and for negotiated offerings of bonds. Existing law exempts agreements entered into by the Treasurer in connection with the sale of any evidence of indebtedness pursuant to those provisions from provisions that otherwise govern state contracts for services in general or consulting services.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass. To Consent Calendar. — 17–0 (pass) · lower
Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — 7–0 (pass) · upper
Unfinished Business SB1509 GOV. & F. (McGuire) Concurrence — 39–0 (pass) · upper
Sponsors
Committee on Governance and Finance — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2018-03-21 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
2018-03-22 From printer. May be acted upon on or after April 21.
2018-04-04 Referred to Com. on GOV. & F. referral-committee
2018-04-10 Set for hearing April 25.
2018-04-25 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 7. Noes 0. Page 4812.) (April 25). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
2018-04-27 Set for hearing May 7.
2018-05-07 From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar. committee-passage, reading-2
2018-05-08 Read second time. Ordered to consent calendar. reading-2, reading-1
2018-05-10 Read third time. Passed. (Ayes 38. Noes 0. Page 5015.) Ordered to the Assembly. reading-3, passage, reading-1
2018-05-10 In Assembly. Read first time. Held at Desk. reading-1
2018-05-25 Referred to Com. on A. & A.R. referral-committee
2018-06-19 From committee with author's amendments. Read second time and amended. Re-referred to Com. on A. & A.R. reading-2, referral-committee, amendment-passage, committee-passage, reading-1
2018-06-27 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 7. Noes 0.) (June 27). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
2018-08-08 From committee: Do pass. Ordered to consent calendar. (Ayes 17. Noes 0.) (August 8). committee-passage-favorable, committee-passage
2018-08-09 Read second time. Ordered to consent calendar. reading-2, reading-1
2018-08-16 Read third time. Passed. (Ayes 76. Noes 0. Page 6313.) Ordered to the Senate. reading-3, passage, reading-1
2018-08-16 In Senate. Concurrence in Assembly amendments pending.
2018-08-24 Assembly amendments concurred in. (Ayes 39. Noes 0. Page 5683.) Ordered to engrossing and enrolling. committee-passage-favorable, amendment-passage
2018-08-30 Enrolled and presented to the Governor at 5 p.m.
2018-09-29 Approved by the Governor. executive-signature
2018-09-29 Chaptered by Secretary of State. Chapter 931, Statutes of 2018.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/414c942d-f7f2-4684-a6cb-7d60980d024c. Confidence: reported (aggregated from official California legislature records).