BILL ANALYSIS                                                                                                                                                                                                    �



                                                                  AB 2329
                                                                  Page  1

          Date of Hearing:   April 17, 2012

              ASSEMBLY COMMITTEE ON BUSINESS, PROFESSIONS AND CONSUMER 
                                     PROTECTION
                                 Mary Hayashi, Chair
                 AB 2329 (Olsen) - As Introduced:  February 24, 2012
           
          SUBJECT  :   Electronic Funds Transfer Task Force.

           SUMMARY  :   Repeals the Electronic Funds Task Force (Task Force) 
          and its related functions.

           EXISTING LAW  establishes the Task Force to study and report to 
          the Legislature by April 1, 2008, a plan for development and 
          implementation of a new payment dispersal system utilizing 
          electronic funds transfer technology.

           FISCAL EFFECT  :   Unknown

           COMMENTS :  

           Purpose of this bill  .  According to the author, "The Task Force 
          is responsible for providing a plan on the development and 
          implementation of a new payment dispersal system using 
          electronic funds transfer technology.  The Task Force is no 
          longer needed because the plan was completed in 2008.  
          Elimination of the Task Force would help reduce the number of 
          non-operating boards in our state."

           Background  .  Per information provided by the Board of 
          Equalization, the Task Force never produced a report.  The 
          reporting requirement was subsequently repealed by AB 1585 
          (Accountability and Administrative Review), Chapter 7, Statutes 
          of 2010. 

          Previous legislation  .  AB 2098 (Liu), Chapter 818 Statutes of 
          2006, established the Task Force for the purpose of developing a 
          plan to implement a new electronic payment dispersal system.

          AB 1585 (Accountability and Administrative Review), Chapter 7, 
          Statutes of 2010, revised the procedure for mandatory and 
          voluntary reporting requirements and deleted obsolete reports, 
          including the report due from the Task Force related to the plan 
          for the development and implementation of a payment dispersal 
          system utilizing electronic funds transfer technology.








                                                                  AB 2329
                                                                  Page  2


           REGISTERED SUPPORT / OPPOSITION  :   

           Support 
           
          None on file.

           Opposition 
           
          None on file.
           
          Analysis Prepared by  :    Rebecca May / B.,P. & C.P. / (916) 
          319-3301