BILL ANALYSIS �
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|SENATE RULES COMMITTEE | SB 1578|
|Office of Senate Floor Analyses | |
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CONSENT
Bill No: SB 1578
Author: Senate Governmental Organization Committee
Amended: As introduced
Vote: 21
SENATE GOVERNMENTAL ORG. COMMITTEE : 13-0, 4/24/12
AYES: Wright, Anderson, Berryhill, Calderon, Cannella,
Corbett, De Le�n, Evans, Hernandez, Padilla, Walters,
Wyland, Yee
SENATE APPROPRIATIONS COMMITTEE : Senate Rule 28.8
SUBJECT : State Treasurer
SOURCE : Author
DIGEST : This bill makes clarifying changes to outdated
provisions of law relating to the State Treasurers Office
(STO) in order to modernize its business practices.
ANALYSIS : Existing law requires the STO to close at 4:00
p.m. (Government Code (GOV) Section 11020)
Existing law, among other things, authorizes the State
Treasurer (Treasurer) to appoint as civil executive
officers: one cashier, one bond officer, one deposit
officer, one vault officer, one principal accountant, one
bookkeeper, and one secretary stenographer. (GOV Section
12302)
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Existing law provides STO employees who are performing
guard or messenger duties with the powers and authority
conferred by law upon peace officers. (GOV Section 12304)
Background
Purpose of this bill . This bill deletes portions of three
separate GOV provisions and a corresponding Penal Code
provision which are obsolete and impact the STO. These
existing provisions of law are not consistent with current
STO business practice and necessitate deletion to avoid any
conflicts that could arise if STO staff followed the letter
of the law.
Senate Governmental Organization Committee's staff
comments . GOV Section 11020 currently requires the STO to
close at 4:00 p.m. This statute was relevant when the STO
operated like a bank, and actually had a "teller" window.
Modifying this provision brings the STO in line with actual
practice - the STO stays open until 5:00 p.m.
GOV Section 12302, among other things, currently authorizes
the Treasurer to appoint as civil executive officers: one
cashier, one bond officer, one deposit officer, one vault
officer, one principal accountant, one bookkeeper, and one
secretary stenographer. This language is obsolete and
unnecessary. This bill strikes reference to these
positions.
GOV Section 12304 currently provides STO employees who are
performing guard or messenger duties with the powers and
authority conferred by law upon peace officers. This
particular provision of law made sense when the cash window
in the STO lobby functioned - redeeming state-issued bonds
and cashing state payroll checks but not in this day and
age - the STO currently does not employ peace officers for
such work. The state vault is still housed in the
Treasurer's building but, much to the chagrin of the
elementary students who tour the vault, it's full of boxed
unclaimed personal property not pallets of gold bars and
stacks of Benjamins - U.S. $100.
This bill deletes the above-referenced provision relating
to STO employees who perform guard or messenger duties and
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require a corresponding deletion to a portion of the Penal
Code Section 830.4.
This bill is technical and clarifying in nature - it has no
fiscal, programmatic, or policy impact to the STO or any
other State agency and rightfully belongs in an Omnibus
bill.
FISCAL EFFECT : Appropriation: No Fiscal Com.: Yes
Local: No
SUPPORT : (Verified 5/2/12)
State Treasurer's Office
DLW:kc 5/8/12 Senate Floor Analyses
SUPPORT/OPPOSITION: SEE ABOVE
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