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AB-1379 Economic development: public pension funds.(2011-2012)

Senate:
1st
Cmt
2nd
3rd
2nd
3rd
Pass
Assembly:
1st
Cmt
2nd
3rd
Pass
Pass
Veto
Bill Status
AB-1379
Bradford (A)
V. Manuel PĂ©rez (A)
-
Economic development: public pension funds.
03/22/11
An act to add and repeal Sections 7504.3 and 13997.4 of the Government Code, relating to economic development.
Assembly
09/20/11
09/01/11

Type of Measure
Inactive Bill - Vetoed
Majority Vote Required
Non-Appropriation
Fiscal Committee
Non-State-Mandated Local Program
Non-Urgency
Non-Tax levy
Last 5 History Actions
Date Action
10/05/11 Vetoed by Governor.
09/22/11 Enrolled and presented to the Governor at 12:30 p.m.
09/08/11 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 52. Noes 27. Page 3099.).
09/07/11 In Assembly. Concurrence in Senate amendments pending.
09/07/11 Read third time. Passed. Ordered to the Assembly. (Ayes 27. Noes 10. Page 2359.).
Governor's Veto Message
To the Members of the California State Assembly:

AB 1379 would require any state or local pension system with assets over $4 billion to report annually specified information relating to California investments.

Some public pension systems already track and voluntarily report the information required by this bill and for them this bill is unnecessary. For others, these new reporting requirements will cause an increase in administrative costs at a time when they can ill-afford it.

I am returning Assembly Bill 1379 without my signature.

Sincerely,



Edmund G. Brown Jr.