Bill Text: CA SB898 | 2013-2014 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

---

Bill Title: State government: state funds.

Spectrum: Slight Partisan Bill (Republican 8-3)

Status: (Passed) 2014-09-17 - Chaptered by Secretary of State. Chapter 393, Statutes of 2014. [SB898 Detail]

Download: California-2013-SB898-Amended.html

---

BILL NUMBER: SB 898	AMENDED
	BILL TEXT

	AMENDED IN ASSEMBLY  AUGUST 7, 2014
	AMENDED IN ASSEMBLY  JUNE 25, 2014
	AMENDED IN SENATE  MAY 6, 2014

INTRODUCED BY   Senator Cannella
   (Principal coauthor: Assembly Member Gray)
   (Coauthors: Senators Huff, Gaines, and Vidak)
   (Coauthors: Assembly Members Allen, Chávez, Jones, Maienschein,
Olsen, and Waldron)

                        JANUARY 13, 2014

   An act to add Section 16301.3 to the Government Code, relating to
state government.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 898, as amended, Cannella. State government: state funds.
   Under existing law, all moneys in the possession of or collected
by any state agency or department is state moneys and is subject to
provisions governing its deposit and handling in trust accounts.
Existing law creates the State Treasury System to deposit state
moneys held by state agencies prior to expenditure.
   This bill would require each state agency, department, and entity
to provide the Treasurer with its employer identification number. The
bill would authorize the Treasurer to use those numbers to monitor
state money deposited outside the centralized State Treasury System.
 The bill would also require a bank or financial institution to
provide, upon request from the Treasurer, specified account
information relating to these employer identification numbers 
 to assist the Treasurer in monitoring accounts and state money
deposited outside of the centralized State Treasury System. 
   Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 16301.3 is added to the Government Code, to
read:
   16301.3.   (a)    Each state agency, department,
and entity shall provide its employer identification number to the
Treasurer. The Treasurer is authorized to use these employer
identification numbers to monitor state money deposited outside of
the centralized State Treasury System. 
   (b) Notwithstanding any other provision of law, a bank or
financial institution shall, upon request from the Treasurer, provide
to the Treasurer the account number, account balance, account owner
record, account type, account opening date, account closing date, and
account purpose, if known, associated with the employer
identification numbers described in subdivision (a), to assist the
Treasurer in monitoring accounts and state money deposited outside of
the centralized State Treasury System.