Fabio
82 lines
5.4 KiB
Markdown
82 lines
5.4 KiB
Markdown
---
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type: "Bill"
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title: "Student financial aid: Golden State Scholarshare Trust Act."
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description: "Under the Golden State Scholarshare Trust Act, the Scholarshare Investment Board administers the Golden State Scholarshare College Savings Trust, also known as the Scholarshare Trust, which provides financial aid for postsecondary education costs of participating students, as specified. Existing law authorizes the Scholarshare trust to enter into participation agreements with participants on behalf of beneficiaries pursuant to specified terms and agreements. Existing law also authorizes the Scholarshare trust to make payments to institutions of higher education pursuant to participation agreements on behalf of beneficiaries."
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jurisdiction: "us/states/ca"
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legislature: "California Legislature"
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session: "20192020"
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identifier: "AB 853"
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citation: "California AB 853 (20192020)"
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classification: ["bill"]
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subjects: ["Student financial aid: Golden State Scholarshare Trust Act."]
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status: "enacted"
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primary_sponsors: ["Smith"]
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version_count: 5
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action_count: 17
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vote_count: 4
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first_action: "2019-02-20"
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last_action: "2019-06-26"
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source: "openstates"
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source_identifier: "ocd-bill/61918749-2f7d-464a-bd13-274239238589"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200AB853"
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source_hash: "55697caf1798b6284c8cbcb456d6412642be518eccb95d0e8b0c25641b9ac508"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ca"]
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---
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# California AB 853 (20192020) — Student financial aid: Golden State Scholarshare Trust Act.
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Under the Golden State Scholarshare Trust Act, the Scholarshare Investment Board administers the Golden State Scholarshare College Savings Trust, also known as the Scholarshare Trust, which provides financial aid for postsecondary education costs of participating students, as specified. Existing law authorizes the Scholarshare trust to enter into participation agreements with participants on behalf of beneficiaries pursuant to specified terms and agreements. Existing law also authorizes the Scholarshare trust to make payments to institutions of higher education pursuant to participation agreements on behalf of beneficiaries.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **02/20/19 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB853&version=20190AB85399INT)
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2. **03/20/19 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB853&version=20190AB85398AMD)
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3. **06/26/19 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB853&version=20190AB85396CHP)
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4. **AB853** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200AB853)
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5. **06/18/19 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB853&version=20190AB85397ENR)
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## Votes
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- Do pass. — **12–0** (pass) · lower
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- Consent Calendar AB853 — **40–0** (pass) · upper
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- Do pass and be ordered to the Consent Calendar — **7–0** (pass) · upper
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- AB 853 Smith Assembly Third Reading — **74–0** (pass) · lower
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## Sponsors
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- Smith — primary (person)
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- Bonta — principal coauthor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2019-02-20** Read first time. To print. `reading-1`
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- **2019-02-21** From printer. May be heard in committee March 23.
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- **2019-03-04** Referred to Com. on HIGHER ED. `referral-committee`
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- **2019-03-20** From committee chair, with author's amendments: Amend, and re-refer to Com. on HIGHER ED. Read second time and amended. `reading-1, reading-2, amendment-passage, amendment-introduction`
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- **2019-03-21** Re-referred to Com. on HIGHER ED. `referral-committee`
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- **2019-04-03** From committee: Do pass. (Ayes 12. Noes 0.) (April 2). `committee-passage-favorable, committee-passage`
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- **2019-04-04** Read second time. Ordered to third reading. `reading-1, reading-2`
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- **2019-04-08** Read third time. Passed. Ordered to the Senate. (Ayes 74. Noes 0. Page 1077.) `passage, reading-3, reading-1`
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- **2019-04-08** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
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- **2019-04-24** Referred to Com. on ED. `referral-committee`
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- **2019-06-05** From committee: Do pass. To Consent Calendar. (Ayes 7. Noes 0.) (June 5). `committee-passage-favorable, committee-passage`
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- **2019-06-06** Read second time. Ordered to Consent Calendar. `reading-1, reading-2`
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- **2019-06-17** Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0. Page 1607.). `passage, reading-3, reading-1`
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- **2019-06-18** In Assembly. Ordered to Engrossing and Enrolling. `committee-passage`
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- **2019-06-20** Enrolled and presented to the Governor at 3:30 p.m.
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- **2019-06-26** Approved by the Governor. `executive-signature`
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- **2019-06-26** Chaptered by Secretary of State - Chapter 17, Statutes of 2019.
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/61918749-2f7d-464a-bd13-274239238589`. Confidence: reported (aggregated from official California legislature records).
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