BILL ANALYSIS                                                                                                                                                                                                    



                                                                       



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                              UNFINISHED BUSINESS


          Bill No:  SB 66
          Author:   Price (D), et al
          Amended:  9/4/09 
          Vote:     27 - Urgency

           
           SENATE FLOOR  :  26-0 9 (FAIL), 9/12/09
          AYES:  Alquist, Calderon, Cedillo, Corbett, Correa,  
            DeSaulnier, Ducheny, Florez, Hancock, Kehoe, Leno, Liu,  
            Lowenthal, Maldonado, Negrete McLeod, Oropeza, Padilla,  
            Pavley, Price, Romero, Simitian, Steinberg, Wiggins,  
            Wolk, Wright, Yee
          NO VOTE RECORDED:  Aanestad, Ashburn, Benoit, Cogdill, Cox,  
            Denham, Dutton, Harman, Hollingsworth, Huff, Runner,  
            Strickland, Walters, Wyland

           ASSEMBLY FLOOR  :  77-1, 9/11/09 - See last page for vote


           SUBJECT  :    California Small Business Expansion Fund

           SOURCE  :     Author


           DIGEST  :     Assembly Amendments  delete the Senate version of  
          the bill that expresses the intent of the Legislature to  
          enact statutory changes relating to the Budget Act of 2009.  
           This bill now makes various clean up changes to the  
          General Government trailer bill relating to the California  
          Small Business Expansion Fund.

           ANALYSIS  :    

                                                           CONTINUED





                                                                 SB 66
                                                                Page  
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          This bill:

          1. Repeals provisions in the Corporations Code that were  
             approved in the 2009-10 General Government trailer bill  
             that restrict the Small Business Loan Guarantee Program  
             (SBLGP) at the Business, Transportation and Housing  
             Agency from making any future loan guarantees.  
             Additionally, these amendments repeal provisions that  
             revert all funds from the SBLGP that are not needed to  
             guarantee existing loans to the General Fund. 

          2. Requires that $8.3 million be transferred by the  
             Department of Finance to the General Fund from the Small  
             Business Expansion Fund and/or Trust Fund in fiscal year  
             2009-10.  This reversion is equal to the amount  
             transferred in the 2009-10 Budget Act. 

          3. Makes the bill inoperative and allows the SBLGP to  
             continue providing loan guarantees upon availability of  
             funds once the transfer of $8.3 million to the General  
             Fund is complete. 

           FISCAL EFFECT  :    Appropriation:  No   Fiscal Com.:  No    
          Local:  No

           ASSEMBLY FLOOR  : 
          AYES:  Adams, Ammiano, Anderson, Arambula, Beall, Bill  
            Berryhill, Tom Berryhill, Blakeslee, Block, Blumenfield,  
            Bradford, Brownley, Buchanan, Caballero, Charles  
            Calderon, Carter, Chesbro, Conway, Cook, Coto, Davis, De  
            La Torre, De Leon, DeVore, Emmerson, Eng, Evans, Feuer,  
            Fletcher, Fong, Fuentes, Fuller, Furutani, Gaines,  
            Galgiani, Garrick, Gilmore, Hall, Harkey, Hayashi,  
            Hernandez, Hill, Huber, Huffman, Jeffries, Jones, Knight,  
            Krekorian, Lieu, Logue, Bonnie Lowenthal, Ma, Mendoza,  
            Miller, Monning, Nava, Nestande, Niello, John A. Perez,  
            V. Manuel Perez, Portantino, Ruskin, Salas, Saldana,  
            Silva, Skinner, Smyth, Solorio, Audra Strickland,  
            Swanson, Torlakson, Torres, Torrico, Tran, Villines,  
            Yamada, Bass
          NOES:  Nielsen
          NO VOTE RECORDED:  Hagman, Vacancy









                                                                 SB 66
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          DLW:mw  10/12/09   Senate Floor Analyses 

                       SUPPORT/OPPOSITION:  NONE RECEIVED

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