An act to amend Sections 41015, 41033, and 42651 of the Education Code, to amend Sections 6509.5, 6509.7, 6558, 16431, 27000.1, 27000.3, 53600, 53620, 53630, 53631, 53635.2, 53641, 53651, 53682, 53684, 53844, 57603, 59283, 67476, and 67480 of, to amend and renumber Sections 53600.5, 53600.6, 53601, and 53601.8 of, and to repeal Sections 53600.3, 53601, 53601.1, 53601.2, 53601.5, 53601.6, 53602, 53603, 53604, 53605, 53606, 53607, 53608, 53609, 53610, 53630.5, and 53635 of, the Government Code, to amend Sections 1702 and 6077.6 of the Harbors and Navigation Code, to amend Sections 9066 and 9067 of the Health and Safety Code, to amend Sections 12368, 28818, and 107105 107015 of the Public Utilities Code, and to amend Section 100.06 of the Revenue and Taxation Code, relating to local government.
Substitute for HB 2152 by Committee on Financial Institutions and Pensions - Mandating financial institutions to secure governmental unit deposits in excess of the amount insured or guaranteed by the FDIC by utilizing a public moneys pooled method of securities, prohibiting investment advisers that execute bids for the investment of public moneys from managing moneys directly from such bid, allowing governmental unit deposits to be invested at a rate agreed upon by the governmental unit and the financial institution, requiring certification from a governmental unit that deposits in the municipal investment pool fund were first offered to a financial institution in the preceding year and allowing financial institutions to file complaints upon the failure to comply.