BILL NUMBER: AB 1379
VETOED DATE: 10/05/2011
To the Members of the California State Assembly:
AB 1379 would require any state or local pension system with assets
over $4 billion to report annually specified information relating to
California investments.
Some public pension systems already track and voluntarily report the
information required by this bill and for them this bill is
unnecessary. For others, these new reporting requirements will cause
an increase in administrative costs at a time when they can
ill-afford it.
I am returning Assembly Bill 1379 without my signature.
Sincerely,
Edmund G. Brown Jr.