CA AB1715

Requires the Director of GO-Biz to establish a process for accepting letters of interest from public and private entities interested in operating international trade and investment offices in foreign countries.

Mandates GO-Biz to review letters of interest for completeness within 30 days and make a determination within 90 days of a complete submission whether to request a full proposal for office operation.

Specifies minimum requirements for letters of interest including proposed location, market analysis, staffing structure, stakeholder partnerships, funding opportunities, and preliminary budgets.

Authorizes use of moneys in the Economic Development and Trade Promotion Account to support operation of international trade and investment offices, in addition to existing purposes.

Maintains existing restrictions that no single donor can contribute more than 25 percent of an international trade and investment office's annual budget in a calendar year, with all donations subject to public disclosure within 30 days.