SB 898, as amended, Cannella. State government: state funds.
Under existing law, all moneys in the possession of or collected by any state agency or department is state moneys and is subject to provisions governing its deposit and handling in trust accounts. Existing law creates the State Treasury System to deposit state moneys held by state agencies prior to expenditure.
This bill would require each state agency, department, and entity to provide the Treasurer with its employer identification number.begin delete Thisend deletebegin insert Theend insert bill would authorize the Treasurer to use those numbers to monitorbegin delete state bank accounts andend delete state moneybegin delete that areend deletebegin insert
depositedend insert outside thebegin insert
centralizedend insert State Treasury System.
Vote: majority. Appropriation: no. Fiscal committee: yes. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 16301.3 is added to the Government
2Code, to read:
Each state agency, department, and entity shall
4provide its employer identification number to the Treasurer. The
5Treasurer is authorized to use these employer identification
6numbers to monitor state moneybegin delete and state bank accounts that areend delete
7begin insert deposited end insert outside of thebegin insert centralizedend insert State Treasury System.
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