(1) Existing law authorizes the chief fiscal officer of a campus of the California State University, upon approval of the Trustees of the California State University, to invest certain money received by the California State University in mutual funds subject to registration by, and under the regulatory authority of, the United States Securities and Exchange Commission, or in United States registered real estate investment trusts.
California AB 2422 (20212022) — California State University: investments.
(1) Existing law authorizes the chief fiscal officer of a campus of the California State University, upon approval of the Trustees of the California State University, to invest certain money received by the California State University in mutual funds subject to registration by, and under the regulatory authority of, the United States Securities and Exchange Commission, or in United States registered real estate investment trusts.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
AB 2422 McCarty Assembly Third Reading — 74–0 (pass) · lower
Placed on suspense file — 7–0 (pass) · upper
Do pass, but first be re-referred to the Committee on [Appropriations] — 6–0 (pass) · upper
Special Consent AB2422 — 40–0 (pass) · upper
Do pass. — 16–0 (pass) · lower
Do pass and be re-referred to the Committee on [Appropriations] — 12–0 (pass) · lower
Do pass — 7–0 (pass) · upper
Sponsors
McCarty — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2022-02-17 Read first time. To print. reading-1
2022-02-18 From printer. May be heard in committee March 20.
2022-03-17 Referred to Com. on HIGHER ED. referral-committee
2022-03-17 From committee chair, with author's amendments: Amend, and re-refer to Com. on HIGHER ED. Read second time and amended. amendment-introduction, amendment-passage, reading-1, reading-2
2022-03-21 Re-referred to Com. on HIGHER ED. referral-committee
2022-04-06 From committee chair, with author's amendments: Amend, and re-refer to Com. on HIGHER ED. Read second time and amended. amendment-introduction, amendment-passage, reading-1, reading-2
2022-04-07 Re-referred to Com. on HIGHER ED. referral-committee
2022-04-27 From committee: Do pass and re-refer to Com. on APPR. (Ayes 12. Noes 0.) (April 26). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
2022-05-11 In committee: Set, first hearing. Referred to suspense file. referral-committee
2022-05-19 From committee: Do pass. (Ayes 16. Noes 0.) (May 19). committee-passage, committee-passage-favorable
2022-05-19 Read second time. Ordered to third reading. reading-1, reading-2
2022-05-23 Read third time. Passed. Ordered to the Senate. (Ayes 74. Noes 0. Page 4849.) passage, reading-1, reading-3
2022-05-24 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2022-06-01 Referred to Com. on ED. referral-committee
2022-06-30 From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (June 30). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
2022-08-02 In committee: Referred to suspense file. referral-committee
2022-08-11 From committee: Do pass. (Ayes 7. Noes 0.) (August 11). committee-passage, committee-passage-favorable
2022-08-11 Read second time. Ordered to third reading. reading-1, reading-2
2022-08-22 Ordered to special consent calendar.
2022-08-23 Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0. Page 4981.). passage, reading-1, reading-3
2022-08-23 In Assembly. Ordered to Engrossing and Enrolling. committee-passage
2022-08-30 Enrolled and presented to the Governor at 4 p.m.
2022-09-25 Approved by the Governor. executive-signature
2022-09-25 Chaptered by Secretary of State - Chapter 530, Statutes of 2022. became-law
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/96b94bd7-9241-425d-9af3-24cb28760be4. Confidence: reported (aggregated from official California legislature records).