Amended in Assembly April 10, 2014

California Legislature—2013–14 Regular Session

Assembly BillNo. 2741


Introduced bybegin delete 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)end deletebegin insert Assembly Member Bonillaend insert

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(Principal coauthor: Senator Lieu)

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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 amended, begin deleteCommittee on Business, Professions and Consumer Protectionend delete begin insertBonillaend insert. 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:

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SECTION 1.  

Section 6510 of the Business and Professions
2Code
is amended to read:

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6510.  

(a) There is within the jurisdiction of the department
4the Professional Fiduciaries Bureau. The bureau is under the
5supervision and control of the director. The duty of enforcing and
6administering this chapter is vested in the chief of the bureau, who
7is responsible to the director. Every power granted or duty imposed
8upon the director under this chapter may be exercised or performed
9in the name of the director by a deputy director or by the chief,
10subject to conditions and limitations as the director may prescribe.

11(b) The Governor shall appoint, subject to confirmation by the
12Senate, the chief of the bureau, at a salary to be fixed and
13determined by the director with the approval of the Director of
14Finance. The chief shall serve under the direction and supervision
15 of the director and at the pleasure of the Governor.

16(c) (1) This section shall remain in effect only until January 1,
172019, and as of that date is repealed, unless a later enacted statute,
18that is enacted before January 1, 2019, deletes or extends that date.

19(2) Notwithstanding any other provision of law, the repeal of
20this section renders the bureau subject to review by the appropriate
21policy committees of the Legislature.

22(3) Notwithstanding any otherbegin delete provision ofend delete law, upon the repeal
23of this section, the responsibilities and jurisdiction of the bureau
24shall be transferred to the Professional Fiduciaries Advisory
25Committee, as provided by Section 6511.



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