(1) Whenever a judgment in class action litigation provides for the payment of money to members of the class, existing law requires any unpaid cash residue or unclaimed or abandoned class member funds generally attributable to California residents to be distributed by transmitting 25% of those funds to the State Treasury for deposit in the Trial Court Improvement and Modernization fund, at least 25% to the State Treasury for deposit in the Equal Access Fund of the Judicial Branch, and up to 50% to nonprofit organizations or foundations, child advocacy programs, or nonprofit organizations providing civil legal services to the indigent, to be used for specified purposes. Existing law requires this distribution unless for good cause shown the court makes a specific finding that an alternative distribution would better serve the public interest or the interest of the class.
(1) Whenever a judgment in class action litigation provides for the payment of money to members of the class, existing law requires any unpaid cash residue or unclaimed or abandoned class member funds generally attributable to California residents to be distributed by transmitting 25% of those funds to the State Treasury for deposit in the Trial Court Improvement and Modernization fund, at least 25% to the State Treasury for deposit in the Equal Access Fund of the Judicial Branch, and up to 50% to nonprofit organizations or foundations, child advocacy programs, or nonprofit organizations providing civil legal services to the indigent, to be used for specified purposes. Existing law requires this distribution unless for good cause shown the court makes a specific finding that an alternative distribution would better serve the public interest or the interest of the class.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
W/O REF. TO FILE SB847 B. & F.R. (Mitchell) Concurrence — 31–6 (pass) · upper
SB 847 B. & F. R. Senate Third Reading — 72–3 (pass) · lower
Sponsors
Committee on Budget and Fiscal Review — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2018-01-10 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
2018-01-11 From printer. May be acted upon on or after February 10.
2018-01-16 Referred to Com. on B. & F.R. referral-committee
2018-04-30 Withdrawn from committee. (Ayes 25. Noes 11. Page 4865.)
2018-04-30 Ordered to second reading.
2018-05-01 Read second time. Ordered to third reading. reading-2, reading-1
2018-05-03 Read third time. Passed. (Ayes 24. Noes 11. Page 4921.) Ordered to the Assembly. reading-3, passage, reading-1
2018-05-03 In Assembly. Read first time. Held at Desk. reading-1
2018-05-07 Referred to Com. on BUDGET. referral-committee
2018-06-12 From committee with author's amendments. Read second time and amended. Re-referred to Com. on BUDGET. reading-2, referral-committee, amendment-passage, committee-passage, reading-1
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