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AB-1212 Public employees’ retirement: pension fund management: in-state infrastructure.(2019-2020)

Senate:
1st
Cmt
2nd
3rd
Pass
Assembly:
1st
Cmt
2nd
3rd
Pass
Pass
Veto
Bill Status
AB-1212
Levine (A)
-
-
Public employees’ retirement: pension fund management: in-state infrastructure.
03/24/19
An act to amend Section 7514.2 of the Government Code, relating to public employees’ retirement.
Assembly
09/12/19
08/12/19

Type of Measure
Active Bill - In Desk Process
Majority Vote Required
Non-Appropriation
Fiscal Committee
Non-State-Mandated Local Program
Non-Urgency
Non-Tax levy
Last 5 History Actions
Date Action
01/21/20 Stricken from file.
10/09/19 Vetoed by Governor.
09/17/19 Enrolled and presented to the Governor at 3:30 p.m.
09/09/19 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 60. Noes 17. Page 3144.).
09/06/19 In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 8 pursuant to Assembly Rule 77.
Governor's Veto Message
To the Members of the California State Assembly:

I am returning Assembly Bill 1212 without my signature.

The bill would require the Department of Transportation and the Department of Water Resources to develop a list of priority infrastructure projects to provide to the California Public Employees' Retirement System, the California State Teachers Retirement System, and county retirement systems.

The reporting requirements that this bill proposes are unnecessary, as existing law already encourages public retirement systems to invest in state infrastructure.

Sincerely,





Gavin Newsom