Existing law, the Davis-Stirling Common Interest Development Act, regulates common interest developments and requires a managing agent, at the written request of the board of directors of the association, to deposit funds the managing agent receives on behalf of the association into a bank, savings association, or credit union in the state if specified requirements are met, including, among other things, that the funds are covered by insurance provided by the federal government.
California AB 1101 (20212022) — Common interest developments: funds: insurance.
Existing law, the Davis-Stirling Common Interest Development Act, regulates common interest developments and requires a managing agent, at the written request of the board of directors of the association, to deposit funds the managing agent receives on behalf of the association into a bank, savings association, or credit union in the state if specified requirements are met, including, among other things, that the funds are covered by insurance provided by the federal government.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
AB 1101 Irwin Concurrence in Senate Amendments — 70–0 (pass) · lower
AB 1101 Irwin Assembly Third Reading — 75–0 (pass) · lower
Do pass, but first be re-referred to the Committee on [Judiciary] — 8–0 (pass) · upper
Do pass. — 10–0 (pass) · lower
3rd Reading AB1101 Irwin By Min — 39–0 (pass) · upper
Do pass and be re-referred to the Committee on [Judiciary] — 7–0 (pass) · lower
Do pass as amended — 11–0 (pass) · upper
Sponsors
Irwin — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2021-02-18 Read first time. To print. reading-1
2021-02-19 From printer. May be heard in committee March 21.
2021-03-04 Referred to Coms. on H. & C.D. and JUD. referral-committee
2021-03-25 From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended. amendment-introduction, amendment-passage, reading-1, reading-2
2021-03-26 Re-referred to Com. on H. & C.D. referral-committee
2021-05-03 From committee: Do pass and re-refer to Com. on JUD. (Ayes 7. Noes 0.) (April 29). Re-referred to Com. on JUD. committee-passage, committee-passage-favorable, referral-committee
2021-05-04 From committee: Do pass. (Ayes 10. Noes 0.) (May 4). committee-passage, committee-passage-favorable
2021-05-05 Read second time. Ordered to third reading. reading-1, reading-2
2021-05-24 Read third time. Passed. Ordered to the Senate. (Ayes 75. Noes 0. Page 1533.) passage, reading-1, reading-3
2021-05-25 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2021-06-03 Referred to Coms. on HOUSING and JUD. referral-committee
2021-06-09 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on HOUSING. amendment-introduction, amendment-passage, reading-1, reading-2, referral-committee
2021-06-17 From committee: Do pass and re-refer to Com. on JUD. (Ayes 8. Noes 0.) (June 17). Re-referred to Com. on JUD. committee-passage, committee-passage-favorable, referral-committee
2021-06-30 From committee: Amend, and do pass as amended. (Ayes 11. Noes 0. Page 1717.) (June 29). amendment-introduction, amendment-passage, committee-passage
2021-07-01 Read second time and amended. Ordered to third reading. amendment-passage, reading-1, reading-2
2021-07-08 Read third time and amended. Ordered to second reading. amendment-passage, reading-1, reading-3
2021-07-12 Read second time. Ordered to third reading. reading-1, reading-2
2021-08-16 Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 2040.). passage, reading-1, reading-3
2021-08-16 In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 18 pursuant to Assembly Rule 77.
2021-08-23 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 70. Noes 0. Page 2464.). amendment-passage, committee-passage-favorable
2021-08-30 Enrolled and presented to the Governor at 4 p.m.
2021-09-23 Approved by the Governor. executive-signature
2021-09-23 Chaptered by Secretary of State - Chapter 270, Statutes of 2021. became-law
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/f4592090-abbd-4c56-a065-c1c020b57715. Confidence: reported (aggregated from official California legislature records).