CA AB2795

Removes the specific reference to "Item 2" of franchise disclosure documents when identifying persons authorized to sell franchises, and clarifies that franchise brokers must still comply with requirements even for otherwise exempt transactions

Repeals the State Assistance Fund for Enterprise Act of 1989, which had authorized creation of a nonprofit corporation to provide financial assistance to small businesses and established the State Enterprise Loan Fund

Raises the minimum credit rating for local government bonds and corporate securities to be eligible for state surplus fund investment from "top three ratings" to "A" rating category or equivalent

Increases the minimum credit rating for foreign government securities eligible for state investment from "investment grade" to "AA" rating category or equivalent

Extends the maximum maturity for eligible commercial paper from 270 days to 397 days, requires the highest "prime" quality rating, and removes the requirement for issuers to deposit collateral securities with the Treasurer