BILL NUMBER: SB 928	AMENDED
	BILL TEXT

	AMENDED IN SENATE  APRIL 10, 2014

INTRODUCED BY   Senators Correa and Huff

                        JANUARY 29, 2014

   An act to add Section 13996.43 to the Government Code, relating to
economic development  , and making an appropriation therefor
 .



	LEGISLATIVE COUNSEL'S DIGEST


   SB 928, as amended, Correa. International trade  and
investment  office: Mexico.
   The Economic Revitalization Act establishes the Governor's Office
of Business and Economic Development, also known as "GO-Biz," to,
among other duties, serve the Governor as the lead entity for
economic strategy and the marketing of California on issues relating
to business development, private sector investment, and economic
growth. Existing law authorizes the director of GO-Biz to establish
and terminate international trade and investment offices outside of
the United States as he or she determines is appropriate, if specific
requirements are met.  Existing law establishes the Economic
Development and Trade Promotion Account, a continuously appropriated
account, to accept private moneys to fund international trade and
investment offices. 
   This bill would  , notwithstanding any other law and to the
extent private moneys are available,  require the director 
of GO-Biz, on or before January 1, 2016,  to  create a
public-private partnership to  establish and operate an
international trade  and investment  office in 
Mexico.   Mexico City, Mexico. This bill would require
the director of GO-Biz to include information regarding the Mexico
City trade and   i   nvestment office in existing
reporting requirements relating to an International Trade and
Investment Program, as specified.   This bill would require
GO-Biz to accept and administer private moneys through the Economic
Development and Trade Promotion Account. By expanding the use of a
continuously appropriated account, this bill would make an
appropriation.  
    This bill would require the Mexico City trade and investment
office to, among other things, promote the export of California goods
and services into Mexico and facilitate access to educational
exchange programs between California and Mexico. 
   Vote: majority. Appropriation:  no   yes
. Fiscal committee: yes. State-mandated local program: no.


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

  SECTION 1.  Section 13996.43 is added to the Government Code, to
read:
   13996.43.   (a)    Notwithstanding 
subdivision (b) of Section 13996.41, the Director of the Governor's
Office of Business and Economic Development shall create a
public-private partnership to   any other law, on or
before January 1, 2016, the director shall  establish 
and operate  an international trade  and investment
 office in  Mexico City,  Mexico. 
   (b) The Mexico City trade and investment office shall do all of
the following:  
   (1) Facilitate access to educational exchange programs between
California and Mexico.  
   (2) Promote the export of California goods and services into
Mexico.  
   (3) Encourage and facilitate capital investment from Mexico into
California.  
   (c) Notwithstanding subdivision (f) of Section 13996.41, only the
office shall operate the Mexico City trade and investment office.
 
   (d) The director shall include information regarding the Mexico
City trade and investment office in the reports prepared and
transmitted pursuant to Section 13996.65.  
   (e) The office and the director shall perform the duties required
by this section only to the extent private moneys are available for
these purposes. The office shall accept and administer private moneys
pursuant to subdivision (a) of Section 13997.  
   (f) For purposes of this section, the following definitions shall
apply:  
   (1) "Director" means the Director of the Governor's Office of
Business and Economic Development.  
   (2) "Office" means the Governor's Office of Business and Economic
Development.