BILL ANALYSIS                                                                                                                                                                                                    �



                                                                  AB 2221
                                                                  Page  1

          CONCURRENCE IN SENATE AMENDMENTS
          AB 2221 (Campos)
          As Amended August 7, 2014
          Majority vote
           
           ----------------------------------------------------------------- 
          |ASSEMBLY:  |77-0 |(May 27, 2014)  |SENATE: |36-0 |(August 13,    |
          |           |     |                |        |     |2014)          |
           ----------------------------------------------------------------- 
            
           Original Committee Reference:    A. & A.R.
           
           SUMMARY  :  Establishes the Business Filing Coordination Council  
          (BFCC) within the Secretary of State's (SOS) office. 

           The Senate amendments  :

          1)Add a coauthor.

          2)Make minor clarifying changes to legislative intent language.

           EXISTING LAW  requires business entities to file various  
          documents with the SOS when they form, have major changes, or  
          dissolve.

           FISCAL EFFECT  :  According to the Senate Appropriations  
          Committee, first year costs of approximately $50,000 for the SOS  
          to make Web site modifications and provide staff support to the  
          BFCC.  Ongoing SOS staffing costs of approximately $46,000  
          annually (1/2 personal year equivalent) to support the BFCC and  
          generate reports. (Business Fees Fund)


           Analysis Prepared by  :    Scott Herbstman / A. & A.R. / (916)  
          319-3600 


          FN: 0004504