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republic-os/legislation/us/states/ca/20252026/sb-595.md
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Fabio 5a13be122b Legislation: batch E — CA TN VA VT WA WI WV WY 
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 17:28:36 -04:00

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type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
type title description jurisdiction legislature session identifier citation classification subjects status primary_sponsors version_count action_count vote_count first_action last_action source source_identifier source_url source_hash vintage source_snapshot retrieved_at confidence tags
Bill Local government: investments and financial reports. (1) Existing law regulates the investment of public funds by local agencies, as defined. Existing law authorizes the legislative body of a local agency, as specified, that has money in a sinking fund or in its treasury not required for the immediate needs of the local agency to invest the money as it deems wise or expedient in certain securities and financial instruments, subject to various requirements. These permissible investments include, among others, commercial paper of "prime" quality of the highest ranking or of the highest letter and number rating as provided for by a nationally recognized statistical rating organization that is issued by entities meeting certain criteria, if the eligible commercial paper has a maximum maturity of 270 days or less. us/states/ca California Legislature 20252026 SB 595 California SB 595 (20252026)
bill
Localgovernment
investmentsandfinancialreports
enacted
Choi
7 29 8 2025-02-20 2025-10-03 openstates ocd-bill/47ed4b5e-7ef3-4225-ad06-05959f2865c3 http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260SB595 6f457786e80f7da56ca615e0ea40ad263c1f0cbd1fdd33ac1633485e6fed10b8 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
legislation
bill
us-ca

California SB 595 (20252026) — Local government: investments and financial reports.

(1) Existing law regulates the investment of public funds by local agencies, as defined. Existing law authorizes the legislative body of a local agency, as specified, that has money in a sinking fund or in its treasury not required for the immediate needs of the local agency to invest the money as it deems wise or expedient in certain securities and financial instruments, subject to various requirements. These permissible investments include, among others, commercial paper of "prime" quality of the highest ranking or of the highest letter and number rating as provided for by a nationally recognized statistical rating organization that is issued by entities meeting certain criteria, if the eligible commercial paper has a maximum maturity of 270 days or less.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

  1. 02/20/25 - Introduced (filed) — source
  2. 04/09/25 - Amended Senate (committee substitute) — source
  3. 05/23/25 - Amended Senate (committee substitute) — source
  4. 09/03/25 - Amended Assembly (committee substitute) — source
  5. 10/03/25 - Chaptered (committee substitute) — source
  6. SB595 (committee substitute) — source
  7. 09/16/25 - Enrolled (enrolled) — source

Votes

  • Special Consent — 39–0 (pass) · upper
  • SB 595 Choi Senate Third Reading By Hoover — 78–0 (pass) · lower
  • Unfinished Business SB595 Choi Concurrence — 40–0 (pass) · upper
  • Do pass. To Consent Calendar. — 13–0 (pass) · lower
  • Placed on suspense file — 7–0 (pass) · upper
  • Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — 10–0 (pass) · lower
  • Do pass as amended — 6–0 (pass) · upper
  • Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — 7–0 (pass) · upper

Sponsors

  • Choi — primary (person)

Timeline

The legislative action history — every referral, reading, and vote.

  • 2025-02-20 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
  • 2025-02-21 From printer. May be acted upon on or after March 23.
  • 2025-03-05 Referred to Com. on L. GOV. referral-committee
  • 2025-03-24 Set for hearing April 30.
  • 2025-04-09 From committee with author's amendments. Read second time and amended. Re-referred to Com. on L. GOV. amendment-passage, committee-passage, reading-1, reading-2, referral-committee
  • 2025-04-30 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 7. Noes 0. Page 968.) (April 30). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
  • 2025-05-02 Set for hearing May 12.
  • 2025-05-12 May 12 hearing: Placed on APPR. suspense file.
  • 2025-05-16 Set for hearing May 23.
  • 2025-05-23 From committee: Do pass as amended. (Ayes 6. Noes 0. Page 1205.) (May 23). amendment-passage, committee-passage, committee-passage-favorable
  • 2025-05-23 Read second time and amended. Ordered to second reading. amendment-passage, reading-1, reading-2
  • 2025-05-27 Read second time. Ordered to third reading. reading-1, reading-2
  • 2025-06-02 Ordered to special consent calendar.
  • 2025-06-04 Read third time. Passed. (Ayes 39. Noes 0. Page 1522.) Ordered to the Assembly. passage, reading-1, reading-3
  • 2025-06-05 In Assembly. Read first time. Held at Desk. reading-1
  • 2025-06-16 Referred to Com. on L. GOV. referral-committee
  • 2025-07-03 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 10. Noes 0.) (July 2). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
  • 2025-07-16 From committee: Do pass. Ordered to consent calendar. (Ayes 13. Noes 0.) (July 16). committee-passage, committee-passage-favorable
  • 2025-07-17 Read second time. Ordered to consent calendar. reading-1, reading-2
  • 2025-08-18 From consent calendar on motion of Assembly Member Aguiar-Curry.
  • 2025-08-18 Ordered to third reading.
  • 2025-09-03 Read third time and amended. amendment-passage, reading-1, reading-3
  • 2025-09-03 Ordered to third reading.
  • 2025-09-08 Read third time. Passed. (Ayes 78. Noes 0. Page 2981.) Ordered to the Senate. passage, reading-1, reading-3
  • 2025-09-08 In Senate. Concurrence in Assembly amendments pending.
  • 2025-09-11 Assembly amendments concurred in. (Ayes 40. Noes 0. Page 2871.) Ordered to engrossing and enrolling. amendment-passage, committee-passage-favorable
  • 2025-09-22 Enrolled and presented to the Governor at 2 p.m.
  • 2025-10-03 Approved by the Governor. executive-signature
  • 2025-10-03 Chaptered by Secretary of State. Chapter 323, Statutes of 2025. became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/47ed4b5e-7ef3-4225-ad06-05959f2865c3. Confidence: reported (aggregated from official California legislature records).

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