Amended in Senate April 10, 2014

Senate Bill No. 928

Introduced by Senators Correa and Huff

January 29, 2014

An act to add Section 13996.43 to the Government Code, relating to economic development begin insert , and making an appropriation therefor end insert .

LEGISLATIVE COUNSEL’S DIGEST

SB 928, as amended, Correa. International trade begin insert and investment end insert office: Mexico.

The Economic Revitalization Act establishes the Governor’s Office of Business and Economic Development, also known as “GO-Biz,” to, among other duties, serve the Governor as the lead entity for economic strategy and the marketing of California on issues relating to business development, private sector investment, and economic growth. Existing law authorizes the director of GO-Biz to establish and terminate international trade and investment offices outside of the United States as he or she determines is appropriate, if specific requirements are met. begin insert Existing law establishes the Economic Development and Trade Promotion Account, a continuously appropriated account, to accept private moneys to fund international trade and investment offices. end insert

This bill would begin insert , notwithstanding any other law and to the extent private moneys are available, end insert require the director begin insert of GO-Biz, on or before January 1, 2016, end insert to begin delete create a public-private partnership to end delete establish and operate an international trade begin insert and investment end insert office in begin delete Mexico. end delete begin insert Mexico City, Mexico. This bill would require the director of GO-Biz to include information regarding the Mexico City trade and investment office in existing reporting requirements relating to an International Trade and Investment Program, as specified. end insert begin insert This bill would require GO-Biz to accept and administer private moneys through the Economic Development and Trade Promotion Account. By expanding the use of a continuously appropriated account, this bill would make an appropriation. end insert

begin insert

This bill would require the Mexico City trade and investment office to, among other things, promote the export of California goods and services into Mexico and facilitate access to educational exchange programs between California and Mexico.

end insert

Vote: majority. Appropriation:  begin delete no end delete begin insert yes end insert . Fiscal committee: yes. State-mandated local program: no.

The people of the State of California do enact as follows:

SECTION 1.  

Section 13996.43 is added to the Government
Code, to read:

13996.43.  

begin insert (a) end insert begin insert   end insert Notwithstanding begin delete subdivision (b) of Section
13996.41, the Director of the Governor’s Office of Business and
Economic Development shall create a public-private partnership
to end delete begin insert any other law, on or before January 1, 2016, the director shall end insert
establish begin delete and operate end delete an international trade begin insert and investment end insert office
in begin insert Mexico City, end insert Mexico.

begin insert

(b) The Mexico City trade and investment office shall do all of
the following:

end insert begin insert

(1) Facilitate access to educational exchange programs between
California and Mexico.

end insert begin insert

(2) Promote the export of California goods and services into
Mexico.

end insert begin insert

(3) Encourage and facilitate capital investment from Mexico
into California.

end insert begin insert

(c) Notwithstanding subdivision (f) of Section 13996.41, only
the office shall operate the Mexico City trade and investment office.

end insert begin insert

(d) The director shall include information regarding the Mexico
City trade and investment office in the reports prepared and
transmitted pursuant to Section 13996.65.

end insert begin insert

(e) The office and the director shall perform the duties required
by this section only to the extent private moneys are available for
these purposes. The office shall accept and administer private
moneys pursuant to subdivision (a) of Section 13997.

end insert begin insert

(f) For purposes of this section, the following definitions shall
apply:

end insert begin insert

(1) “Director” means the Director of the Governor’s Office of
Business and Economic Development.

end insert begin insert

(2) “Office” means the Governor’s Office of Business and
Economic Development.

end insert