CA SB1509

Exempts the State Treasurer from the Administrative Procedure Act when entering into agreements for the sale or administration of state bonds and evidence of indebtedness.

Allows the Treasurer to establish pools of eligible contractors without following Administrative Procedure Act rulemaking procedures and requirements.

Maintains existing requirements that the Treasurer develop and implement competitive processes for selecting underwriters for negotiated bond offerings.

Preserves existing exemptions from Public Contract Code provisions for agreements related to bond sales and issuances.