BILL NUMBER: AB 2741	INTRODUCED
	BILL TEXT


INTRODUCED BY   Committee on Business, Professions and Consumer
Protection (Assembly Members Bonilla (Chair), Jones (Vice Chair),
Bocanegra, Campos, Dickinson, Eggman, Gordon, Hagman, Holden,
Maienschein, Mullin, Skinner, Ting, and Wilk)

                        FEBRUARY 26, 2014

   An act to amend Section 6510 of the Business and Professions Code,
relating to the Professional Fiduciaries Bureau.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2741, as introduced, Committee on Business, Professions and
Consumer Protection. Professional Fiduciaries Bureau.
   Existing law establishes the Professional Fiduciaries Bureau,
within the Department of Consumer Affairs, and requires the bureau to
license and regulate professional fiduciaries. Under existing law,
the provisions establishing the bureau are in effect only until
January 1, 2015, and upon repeal of those provisions the bureau will
be subject to review by the appropriate policy committees of the
Legislature.
   This bill would extend those provisions until January 1, 2019.
   Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 6510 of the Business and Professions Code is
amended to read:
   6510.  (a) There is within the jurisdiction of the department the
Professional Fiduciaries Bureau. The bureau is under the supervision
and control of the director. The duty of enforcing and administering
this chapter is vested in the chief of the bureau, who is responsible
to the director. Every power granted or duty imposed upon the
director under this chapter may be exercised or performed in the name
of the director by a deputy director or by the chief, subject to
conditions and limitations as the director may prescribe.
   (b) The Governor shall appoint, subject to confirmation by the
Senate, the chief of the bureau, at a salary to be fixed and
determined by the director with the approval of the Director of
Finance. The chief shall serve under the direction and supervision of
the director and at the pleasure of the Governor.
   (c)  (1)    This section shall remain in effect
only until January 1,  2015   2019  , and
as of that date is repealed, unless a later enacted statute, that is
enacted before January 1,  2015   2019  ,
deletes or extends that date. 
   Notwithstanding 
   (2)     Notwithstanding  any other
provision of law, the repeal of this section renders the 
board   bureau  subject to review by the
appropriate policy committees of the Legislature. 
   Notwithstanding 
    (3)     Notwithstanding  any other
provision of law, upon the repeal of this section, the
responsibilities and jurisdiction of the bureau shall be transferred
to the Professional Fiduciaries Advisory Committee, as provided by
Section 6511.