(1) Existing law prescribes the instruments in, and criteria by which, a local agency, as defined, may invest and deposit its funds, including its surplus funds, and requires the depository to bear the expenses of transportation of money to and from the depository, except as specified. Existing law also authorizes a local agency treasurer to enter into a contract with a depository for services that the treasurer judges to be to the public's advantage.
California SB 789 (20192020) — Local government: administration.
(1) Existing law prescribes the instruments in, and criteria by which, a local agency, as defined, may invest and deposit its funds, including its surplus funds, and requires the depository to bear the expenses of transportation of money to and from the depository, except as specified. Existing law also authorizes a local agency treasurer to enter into a contract with a depository for services that the treasurer judges to be to the public's advantage.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass. To Consent Calendar. — 8–0 (pass) · lower
Special Consent SB789 GOV. & F. — 39–0 (pass) · upper
Do pass and be ordered to the Consent Calendar — 7–0 (pass) · upper
SB 789 GOV.& F. Consent Calendar Second Day — 76–0 (pass) · lower
Sponsors
Committee on Governance and Finance — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2019-03-21 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
2019-03-22 From printer. May be acted upon on or after April 21.
2019-04-03 Referred to Com. on GOV. & F. referral-committee
2019-04-04 Set for hearing April 24.
2019-04-25 From committee: Do pass. Ordered to consent calendar. (Ayes 7. Noes 0. Page 847.) (April 24). committee-passage-favorable, committee-passage
2019-04-29 Read second time. Ordered to consent calendar. reading-1, reading-2
2019-05-02 Read third time. Passed. (Ayes 38. Noes 0. Page 925.) Ordered to the Assembly. passage, reading-3, reading-1
2019-05-02 In Assembly. Read first time. Held at Desk. reading-1
2019-05-16 Referred to Com. on L. GOV. referral-committee
2019-06-20 From committee with author's amendments. Read second time and amended. Re-referred to Com. on L. GOV. reading-1, reading-2, amendment-passage, committee-passage, referral-committee
2019-07-03 From committee: Do pass. Ordered to consent calendar. (Ayes 8. Noes 0.) (July 3). committee-passage-favorable, committee-passage
2019-07-05 Read second time. Ordered to consent calendar. reading-1, reading-2
2019-07-11 Read third time. Passed. (Ayes 76. Noes 0. Page 2627.) Ordered to the Senate. passage, reading-3, reading-1
2019-07-11 In Senate. Concurrence in Assembly amendments pending.
2019-08-19 Ordered to special consent calendar.
2019-08-22 Assembly amendments concurred in. (Ayes 39. Noes 0. Page 2241.) Ordered to engrossing and enrolling. amendment-passage, committee-passage-favorable
2019-08-27 Enrolled and presented to the Governor at 3 p.m.
2019-09-05 Approved by the Governor. executive-signature
2019-09-05 Chaptered by Secretary of State. Chapter 258, Statutes of 2019.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/eeb58bb3-d1e6-461a-b12d-c6a5c5d2a380. Confidence: reported (aggregated from official California legislature records).