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CA AB2080
Bill
Status
Introduced
2/18/2026
Primary Sponsor
Natasha Johnson
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AI Summary
- Removes the one-year limitation on county boards of supervisors' delegation of investment authority to county treasurers, making delegations indefinite until revoked
- Requires a 4/5 supermajority vote by the board of supervisors to revoke delegation "for cause," or revocation may occur by ordinance
- Mandates county treasurers make monthly reports of investment transactions to the legislative body after receiving delegated authority
- Preserves the existing one-year delegation period for other local agencies (non-county), which remains subject to annual renewal by the legislative body
Legislative Description
Investment of funds: delegation to county treasurer.
Last Action
From committee chair, with author's amendments: Amend, and re-refer to Com. on L. GOV. Read second time and amended.
3/16/2026
Committee Referrals
Local Government3/2/2026
Full Bill Text
No bill text available