BILL NUMBER:  AB 1447
  VETOED	DATE: 10/11/2009




To the Members of the California State Assembly:

I am returning Assembly Bill 1447 without my signature.

This bill would clarify that the State Compensation Insurance Fund
(SCIF) is a state agency for purposes of the Bureau of State Audits
(BSA) and its audit, evaluation, and investigatory jurisdiction and
would impose a requirement that all SCIF advertising include a
disclaimer indicating it is self-supported and not funded by the
State of California.

This bill is unnecessary.  Insurance Code ?11873(b) already
explicitly provides that SCIF is subject to audits by the State
Auditor.  Furthermore, the BSA has performed audits of SCIF several
times in the past three years.

For these reasons, I am unable to sign this bill.

Sincerely,



Arnold Schwarzenegger