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

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Today's Law As Amended

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Senate:

1st

Cmt

2nd

3rd

Pass

Assembly:

1st

Cmt

2nd

3rd

Pass

Veto

Bill Status

Measure:

AB-1212

Lead Authors:

Levine (A)

Principal Coauthors:

Coauthors:

Topic:

Public employees’ retirement: pension fund management: in-state infrastructure.

31st Day in Print:

03/24/19

Title:

An act to amend Section 7514.2 of the Government Code, relating to public employees’ retirement.

House Location:

Assembly

Enrolled Date:

09/12/19

Last Amended Date:

08/12/19

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
01/21/20	Consideration of Governor's veto 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

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