Bill Text: CA AB2713 | 2013-2014 | Regular Session | Amended
Bill Title: Governor's Office of Business and Economic Development:
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Engrossed - Dead) 2014-08-14 - In committee: Held under submission. [AB2713 Detail]
Download: California-2013-AB2713-Amended.html
BILL NUMBER: AB 2713 AMENDED
BILL TEXT
AMENDED IN ASSEMBLY MAY 5, 2014
AMENDED IN ASSEMBLY APRIL 10, 2014
AMENDED IN ASSEMBLY MARCH 28, 2014
INTRODUCED BY Assembly Member Quirk-Silva
( Coauthor: Assembly Member
Fox )
FEBRUARY 21, 2014
An act to add Section 12096.35 to the Government Code, relating to
state government , and making an appropriation therefor .
LEGISLATIVE COUNSEL'S DIGEST
AB 2713, as amended, Quirk-Silva. Governor's Office of Business
and Economic Development: South Korea.
The Economic Revitalization Act establishes the Governor's Office
of Business and Economic Development, also known as "GO-Biz," to,
among other duties, serve the Governor as the lead entity for
economic strategy and the marketing of California on issues relating
to business development, private sector investment, and economic
growth.
Existing law authorizes the office to accept private donations for
purposes of operating any international trade and investment office
and for purposes of promoting international trade and investment
events, and requires those moneys to be deposited in the Economic
Development and Trade Promotion Account, a continuously appropriated
fund in the Special Deposit Fund in the State Treasury. Existing law
authorizes the office to use moneys in that account for these
purposes.
This bill would authorize the office to establish one or more
public-private partnerships to help guide state activities relating
to the export of California products and the attraction of
employment-producing direct foreign investment with key country and
industry partners. The bill would also require the office to
establish a public-private partnership
South Korean Trade Promotion Advisory Committee to help
guide state activities related to the export of California products
to South Korea and the attraction of employment-producing direct
foreign investment by South Korean investors.
This bill would authorize the office, for each public-private
partnership established, to accept nonstate moneys, including, but
not limited to, private sector funds, for activities related to this
particular public-private partnership, consistent with specified
requirements. The bill would require these private sector moneys to
be deposited in the Public-Private Partnership Subaccount, which
would be established within the Economic Development and Trade
Promotion Account and would be continuously appropriated to the
director, only for activities related to the particular
public-private partnership for which the moneys were received,
consistent with specified requirements.
Vote: majority. Appropriation: no yes
. Fiscal committee: yes. State-mandated local program: no.
THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:
SECTION 1. Section 12096.35 is added to the Government Code, to
read:
12096.35. (a) It is the intent of the Legislature for a
public-private partnership established pursuant to this section to do
the following:
(1) Advise the office on trade and investment activities and
strengthen the collaboration between activities taken by business,
industry, foundations and nonprofits, and the public sector.
(2) Discuss, among other things, the implementation of the state
goals and objectives of the state International Trade and Investment
Strategy and opportunities to attract private sector deposits into
the subaccount established pursuant to this section.
(b) The office shall
may establish a one or more
public-private partnership partnerships
to help guide state activities related to the export of California
products to South Korea and the attraction of
employment-producing direct foreign investment by South
Korean investors with key country and industry
partners .
(c) Members of a public-private partnership shall meet at least
three times in a calendar year, which may occur as in-person meetings
or through some electronic means, at the discretion of the office. A
quorum shall not be necessary to meet and advise the office, except
for those recommendations that relate to the specific allocations of
moneys from the subaccount. The office may use the moneys in the
subaccount without approval of the public private-partnership
pursuant to subdivision (e).
(d) Each public-private partnership shall consider, among other
tools, the use of a market order to help interested parties
collectively contribute to marketing and promotion activities related
to California exports and foreign investment.
(e) For each public-private partnership established pursuant to
this section, the office may accept nonstate moneys, including, but
not limited to, private sector funds, for activities related to the
particular public-private partnership, consistent with the reporting
and posting requirements described in Section 13997. The private
sector moneys shall be deposited in the Public-Private Partnership
Subaccount, which is hereby established within the Economic
Development and Trade Promotion Account established in Section 13997.
Notwithstanding Section 13340, the director may expend moneys in the
subaccount, without regard to fiscal year, only for activities
related to the particular public-private partnership for which the
moneys were received, consistent with the reporting and posting
requirements of Section 13997.
(f) In addition to the public-private partnerships established
pursuant to subdivision (a) for other foreign trade and investment
country partners, the office shall establish the South Korean Trade
Promotion Advisory Committee to help guide state activities related
to the export of California products to South Korea and the
attraction of employment-producing direct foreign investment by South
Korean investors.
