Bill Text: CA AB423 | 2011-2012 | Regular Session | Introduced
Bill Title: State government: Infrastructure and Economic
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2012-02-01 - Died pursuant to Art. IV, Sec. 10(c) of the Constitution. From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. [AB423 Detail]
Download: California-2011-AB423-Introduced.html
BILL NUMBER: AB 423 INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Butler FEBRUARY 14, 2011 An act to amend Sections 63021 and 63024 of the Government Code, relating to state government. LEGISLATIVE COUNSEL'S DIGEST AB 423, as introduced, Butler. State government: Infrastructure and Economic Development Bank. Existing law establishes the Infrastructure and Economic Development Bank within the Business, Transportation and Housing Agency. This bill would, instead, provide that the Department of Finance would assume authority over the Infrastructure and Economic Development Bank. This bill also makes conforming changes to these provisions. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 63021 of the Government Code is amended to read: 63021. (a) There is within theBusiness, Transportation and Housing AgencyDepartment of Finance the Infrastructure and Economic Development Bank which shall be responsible for administering this division. (b) The bank shall be under the direction of an executive director appointed by the Governor, and who shall serve at the pleasure of the Governor. The appointment shall be subject to confirmation by the Senate. SEC. 2. Section 63024 of the Government Code is amended to read: 63024. The executive director may contract withthe Department of Finance,the State Department ofHealth ServicesPublic Health , the Department of Transportation, the Department of Water Resources, theCalifornia Integrated Waste Management BoardDepartment of Resources Recycling and Recovery , the State Water Resources Control Board, the Governor's Office of Planning and Research, and any other necessary agencies, persons, or firms to enable the agency to properly perform the duties imposed by this division.