AB 656 Summary

• Repeals Article 5 of the Financial Code, abolishing the Credit Union Advisory Committee effective January 1, 2014, contingent on Joint Sunset Review Committee review and notification to the Secretary of State.

• Abolishes the Boating and Waterways Commission effective January 1, 2014, contingent on Joint Sunset Review Committee review and notification to the Secretary of State; removes reporting requirements related to the commission's functions.

• Deletes the January 1, 2013 repeal date for the State Race Track Leasing Commission, allowing it to continue indefinitely.

• Makes the January 1, 2013 repeal dates for the Capitol Area Committee and California Recreational Trails Committee conditional on Joint Sunset Review Committee review and notification to the Secretary of State prior to that date.

• Transfers functions previously handled by the Boating and Waterways Commission directly to the Department of Boating and Waterways, including advisory services, loan programs, and monitoring of harbor facilities.