BILL NUMBER: AB 2131	AMENDED
	BILL TEXT

	AMENDED IN SENATE  JUNE 26, 2012

INTRODUCED BY   Assembly Member Olsen
    (   Principal coauthor: 
 Senator   Cannella   )

    (   Coauthor:   Assembly Member  
Gordon   ) 

                        FEBRUARY 23, 2012

   An act to amend  Section 53601   Sections
27000.8 and 27000.9  of the Government Code, relating to local
government.



	LEGISLATIVE COUNSEL'S DIGEST


   AB 2131, as amended, Olsen. Local government: 
investments.   tax collectors: continuing education.
 
   Existing law requires a county treasurer, whether elected or
appointed, to complete a valid continuing course of study, on or
before June 30 of each 2-year period, and to provide certification of
completion of that course to the Controller. The continuing
education program is required to consist of, at a minimum, 24 hours
or an equivalent amount of continuing education units within the
discipline of treasury management, public finance, public
administration, governmental accounting, or directly related
subjects, as specified.  
   This bill would additionally require the continuing education
course to include tax collection in the continuing education
disciplines described above.  
   Existing law authorizes the legislative body of a local agency, as
defined, that has a sinking fund or moneys in its treasury that is
not required for immediate needs to invest in specified investments,
including, among other things, United States Treasury notes, bonds,
bills, or certificates of indebtedness, and bonds issued by the local
agency.  
   This bill would authorize the legislative body of a city, county,
or city and county to invest up to 5% of the city, county, or city
and county's aggregate investment funds in Property Assessed Clean
Energy (PACE) bonds or projects financed with PACE bonds. 
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


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

   SECTION 1.    Section 27000.8 of the  
Government Code   is amended to read: 
   27000.8.  Any duly elected county treasurer, county tax collector,
or county treasurer-tax collector serving in that office on January
1, 1996, may serve for his or her remaining term of office during
which period of time the requirements of this section shall not
apply. After the election of a county treasurer, county tax
collector, or county treasurer-tax collector to office, that person
shall complete a valid continuing course of study as prescribed in
this section, and shall during the person's four-year term of office
on or before June 30 of the fourth year, render to the  State
 Controller a certification indicating that the person has
successfully completed a continuing education program consisting of,
at a minimum, 48 hours, or an equivalent amount of continuing
education units within the discipline of treasury management, 
tax collection,  public finance, public administration,
governmental accounting, or directly related subjects, offered by a
recognized state or national association, institute, or accredited
college or university, or the California Debt and Investment Advisory
Commission, that provides the requisite educational programs
prescribed in this section. The willful or negligent failure of any
elected county treasurer, county tax collector, or county
treasurer-tax collector to comply with the requirements of this
section shall be deemed a violation of this section.
   SEC. 2.    Section 27000.9 of the  
Government Code   is amended to read: 
   27000.9.  Notwithstanding any other requirement of law, any duly
appointed county officer serving in the capacity of county treasurer,
county tax collector, or county treasurer-tax collector shall,
beginning in 2000, complete a valid continuing course of study as
prescribed in this section, and shall, on or before June 30 of each
two-year period, render to the  State  Controller, a
certification indicating that the county officer has successfully
completed a continuing education program consisting of, at a minimum,
24 hours or an equivalent amount of continuing education units
within the discipline of treasury management,  tax collection,
 public finance, public administration, governmental accounting,
or directly related subjects, offered by a recognized state or
national association, institute, or accredited college or university,
or the California Debt and Investment Advisory Commission, that
provides the requisite educational programs prescribed in this
section. The willful or negligent failure of any county officer
serving in the capacity of county treasurer, county tax collector, or
county treasurer-tax collector to comply with the requirements of
this section shall be deemed a violation of this section. All matter
omitted in this version of the bill appears in the bill as introduced
in the Assembly, February 23, 2012. (JR11)