California bills · 2025-2026 Regular Session
California AB 2080
Investment of funds: delegation to county treasurer.
- Introduced
- In committee
- Passed House
- Passed Senate
- To Governor
- Became law
Sponsors
- Johnson (Republican)
Summary
Official abstract published by the California legislature· summary
Existing law generally authorizes local agencies to invest or reinvest public funds and prescribes rules for that investing or reinvesting. Existing law authorizes a legislative body of a local agency to delegate this authority for a one-year period to the treasurer of the local agency, as specified, and after a delegation, requires the treasurer to make a monthly report of those transactions to the legislative body. Existing law authorizes a county board of supervisors, by ordinance, to delegate this authority to the county treasurer, as specified, and, after a delegation, requires the treasurer to assume this responsibility until the board to either revokes this delegation by ordinance or decides not to renew the one-year period described above.
This bill would remove the requirement that a delegation by a county board of supervisors be made by ordinance. The bill would remove the one-year limitation on those delegations, and would remove the requirement that revocation of those delegations be made by ordinance. The bill would condition a delegation on the county investment policy requiring the county treasurer to make monthly and quarterly reports, as specified.
This bill would incorporate additional changes to Sections 27000.1 and 53600.5 of the Government Code proposed by SB 1438 to be operative only if this bill and SB 1438 are enacted and this bill is enacted last.
Text versions
- 08/21/26 - Amended Senate· Aug 21, 2026
- 06/10/26 - Amended Senate· Jun 10, 2026
- 03/16/26 - Amended Assembly· Mar 16, 2026
- 02/18/26 - Introduced· Feb 18, 2026
- AB2080
Roll-call votes
State vote data last updated Oct 15, 2026, 8:04 PM.
| Date | Vote | Result | Your legislators |
|---|---|---|---|
| Aug 27, 2026 Senate | 3rd Reading AB2080 Johnson By Choi | pass | Set your home in California to see |
| Jul 1, 2026 Senate | Do pass | pass | Set your home in California to see |
| May 7, 2026 House | AB 2080 Johnson Assembly Third Reading | pass | Set your home in California to see |
| Mar 25, 2026 House | Do pass. | pass | Set your home in California to see |
Actions
- Aug 27, 2026 · House
In Assembly. Concurrence in Senate amendments pending. - Aug 27, 2026 · Senate
Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0.). - Aug 24, 2026 · Senate
Read second time. Ordered to third reading. - Aug 21, 2026 · Senate
Read third time and amended. Ordered to second reading. - Aug 3, 2026 · Senate
Read second time. Ordered to third reading. - Jul 2, 2026 · Senate
From committee: Do pass. (Ayes 7. Noes 0.) (July 1). - Jun 10, 2026 · Senate
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on L. GOV. - May 20, 2026 · Senate
Referred to Com. on L. GOV. - May 7, 2026 · Senate
In Senate. Read first time. To Com. on RLS. for assignment. - May 7, 2026 · House
Read third time. Passed. Ordered to the Senate. (Ayes 69. Noes 0. Page 4958.) - Mar 26, 2026 · House
Read second time. Ordered to third reading. - Mar 25, 2026 · House
From committee: Do pass. (Ayes 10. Noes 0.) (March 25). - Mar 17, 2026 · House
Re-referred to Com. on L. GOV. - Mar 16, 2026 · House
From committee chair, with author's amendments: Amend, and re-refer to Com. on L. GOV. Read second time and amended. - Mar 2, 2026 · House
Referred to Com. on L. GOV. - Feb 19, 2026 · House
From printer. May be heard in committee March 21. - Feb 18, 2026 · House
Read first time. To print.