BILL NUMBER: AB 323	CHAPTERED  06/01/99

	CHAPTER   32
	FILED WITH SECRETARY OF STATE   JUNE 1, 1999
	APPROVED BY GOVERNOR   JUNE 1, 1999
	PASSED THE SENATE   MAY 25, 1999
	PASSED THE ASSEMBLY   APRIL 8, 1999
	AMENDED IN ASSEMBLY   APRIL 5, 1999

INTRODUCED BY   Assembly Member Baldwin

                        FEBRUARY 11, 1999

   An act to amend Section 27132.3 of the Government Code, relating
to local government.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 323, Baldwin.  Counties:  oversight committees.
   Existing law prohibits a member of a county treasury oversight
committee from securing employment with bond underwriters, bond
counsel, security brokerages or dealers, or financial services firms
during the period that the person is a member of the committee or for
three years after leaving the committee.
   This bill instead would prohibit a person who is a member of the
committee from securing employment with, or being employed by, any of
these employers with whom the county treasurer is doing business or
for one year after leaving the committee.


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


  SECTION 1.  Section 27132.3 of the Government Code is amended to
read:
   27132.3.  A member may not secure employment with, or be employed
by, bond underwriters, bond counsel, security brokerages or dealers,
or financial services firms, with whom the treasurer is doing
business during the period that the person is a member of the
committee or for one year after leaving the committee.