Bill Text: CA AB862 | 2017-2018 | Regular Session | Amended
Bill Title: Social innovation financing.
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: (Engrossed - Dead) 2018-08-16 - In committee: Held under submission. [AB862 Detail]
Download: California-2017-AB862-Amended.html
Amended
IN
Assembly
March 23, 2017 |
Assembly Bill | No. 862 |
Introduced by Assembly Member Maienschein |
February 16, 2017 |
LEGISLATIVE COUNSEL'S DIGEST
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee:Bill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 97010 of the Government Code is amended to read:97010.
(a) There is hereby established the Social Innovation Financing Program.SEC. 2.
Section 97011 of the Government Code is amended to read:97011.
(a) Upon appropriation of funds by the Legislature for deposit in the Recidivism Reduction Fund for the purposes of this title, the board shall award a grant in an amount of not less thanSEC. 3.
Section 97013 of the Government Code is amended to read:97013.
(a) Each county receiving an award shall report annually to the board on the status of its ongoing social innovation financing program. The report shall also contain an accounting of the moneys awarded.(d) This section shall remain in effect only until January 1, 2022, and as of that date is repealed, unless a later enacted statute, that is enacted before January 1, 2022, deletes or extends that date.
SEC. 4.
Section 97015 of the Government Code is amended to read: This title shall remain in effect only until January 1, 2022, and as of that date is repealed, unless a later enacted statute, that is enacted before January 1, 2022, deletes or extends that date.97015.
This title shall remain in effect only until January 1, 2025, and as of that date is repealed.
(a)It is the intent of the Legislature that, as part of the package to reduce recidivism in California, the concept of “pay for success” or social innovation financing should be included to take advantage of available philanthropic and private investment.
(b)The Legislature hereby declares that a variety of approaches have been shown to be successful in reducing recidivism, including addressing homelessness, substance use
disorder, and unemployment among specific demographic groups.