Bill Text: CA AB2325 | 2023-2024 | Regular Session | Chaptered
Bill Title: San Francisco Bay Area Rapid Transit District: officers and employees: designation and appointment.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2024-07-15 - Chaptered by Secretary of State - Chapter 106, Statutes of 2024. [AB2325 Detail]
Download: California-2023-AB2325-Chaptered.html
Assembly Bill
No. 2325
CHAPTER 106
An act to amend Sections 28810, 28811, 28817, 28818, 29128, 29180, 29214, 29220, 29221, 29222, 29223, 29280, 29281, and 29282 of the Public Utilities Code, relating to transportation.
[
Approved by
Governor
July 15, 2024.
Filed with
Secretary of State
July 15, 2024.
]
LEGISLATIVE COUNSEL'S DIGEST
AB 2325, Lee.
San Francisco Bay Area Rapid Transit District: officers and employees: designation and appointment.
Existing law establishes the San Francisco Bay Area Rapid Transit District, governed by a board of directors, with specified powers and duties relative to the construction and operation of a rapid transit system. Under existing law, the officers of the district consist of the members of the board, a secretary, a general manager, a general counsel, a treasurer, a controller, and other officers, assistants, and deputies that the board may provide for by ordinance or resolution, as specified. Existing law requires the board to appoint, and authorizes the board to remove, the secretary, the general manager, the general counsel, the treasurer, and the controller. Existing law requires all other officers and employees of the district to be appointed by, and to serve at the pleasure of, the general manager.
This bill would eliminate the
positions of the treasurer and controller, would create the position of the chief financial officer subject to appointment and removal by the general manager, would transfer all of the duties previously assigned to the treasurer to the chief financial officer, and would make other related changes in this regard. The bill would authorize the general manager to designate other financial personnel to undertake any of the duties or responsibilities assigned to the chief financial officer.
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 28810 of the Public Utilities Code is amended to read:28810.
(a) The officers of the district shall consist of the following:(1) The members of the board of directors.
(2) A president and a vice president of the board, each of whom shall be a member of the board.
(3) A secretary.
(4) A general manager.
(5) A general counsel.
(6) Any other or subordinate officers, assistants, and deputies as the board may deem necessary and provide for by ordinance or resolution.
(b) The general counsel shall be a person admitted to practice law in the Supreme Court of California and shall have been actively engaged in the practice of law for not less than
10 years next preceding appointment pursuant to Section 28811.
SEC. 2.
Section 28811 of the Public Utilities Code is amended to read:28811.
(a) The secretary, general manager, and general counsel shall be appointed by and may be removed by the affirmative votes of a majority of the members of the board of directors. All other officers and employees shall be appointed by the general manager and shall serve at the pleasure of the general manager, subject to the provisions of this part relating to personnel.(b) The general manager shall appoint a chief financial officer and may designate other financial personnel to undertake any of
the duties or responsibilities assigned to the chief financial officer under this part.
SEC. 3.
Section 28817 of the Public Utilities Code is amended to read:28817.
The chief financial officer shall be the custodian of the funds of the district and shall make payments only upon warrants duly and regularly signed by the general manager. The chief financial officer shall keep an account of all receipts and disbursements.SEC. 4.
Section 28818 of the Public Utilities Code is amended to read:28818.
(a) With the consent of the general manager, who shall seek consent from the board when deemed necessary, the chief financial officer may:(1) Authorize
any state or national bank in this state, a federally chartered or state chartered savings and loan association, or a trust company authorized to act as such in this state, to receive as the agent of the chief financial officer deposits of any securities acquired by the district.
(2) Place and maintain for safekeeping with any state or national bank in this state, a
federally chartered or state chartered savings and loan association, or a trust company authorized to act as such in this state, any securities owned by the district.
(3) Make deposits of securities for safekeeping pursuant to the provisions of Section 53608 of the Government Code.
(b) The financial institution selected
pursuant to subdivision (a) shall have a total paid-in capital of at least one million dollars ($1,000,000). The chief financial officer shall take from the financial institution a receipt for the securities, and neither the chief financial officer nor the district is responsible for the custody and safe return of the securities until they are withdrawn from the financial institution by the
chief financial officer. Any financial institution to which securities are delivered, either as agent or depositary for the chief financial officer, shall make such disposition of the securities as the chief financial officer directs and is responsible only for strict compliance with written instructions given to it by the chief financial officer. All such securities
are at all times subject to the order of the chief financial officer.