republic-os/legislation/us/states/ca/20172018/sb-1509.md

---
type: "Bill"
title: "State finance."
description: "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."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20172018"
identifier: "SB 1509"
citation: "California SB 1509 (20172018)"
classification: ["bill"]
subjects: ["State finance."]
status: "enacted"
primary_sponsors: ["Committee on Governance and Finance"]
version_count: 5
action_count: 21
vote_count: 6
first_action: "2018-03-21"
last_action: "2018-09-29"
source: "openstates"
source_identifier: "ocd-bill/414c942d-f7f2-4684-a6cb-7d60980d024c"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180SB1509"
source_hash: "7194e2bc9b690ffcee6636e1bf9c9c482147ddbb52baec6ba10865f3a5769d3f"
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 1509 (20172018) — State finance.

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.

1. **03/21/18 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB1509&version=20170SB150999INT)
2. **06/19/18 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB1509&version=20170SB150998AMD)
3. **09/29/18 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB1509&version=20170SB150996CHP)
4. **SB1509** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180SB1509)
5. **08/28/18 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB1509&version=20170SB150997ENR)

## Votes

- SB 1509 GOV.& F. Consent Calendar Second Day — **76–0** (pass) · lower
- Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — **7–0** (pass) · lower
- Consent Calendar SB1509 GOV. & F. — **38–0** (pass) · upper
- 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](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/414c942d-f7f2-4684-a6cb-7d60980d024c`. Confidence: reported (aggregated from official California legislature records).