Amended in Assembly June 30, 2014

Amended in Assembly June 17, 2014

Amended in Senate April 10, 2014

Senate Bill No. 928

Introduced by Senators Correa and Huff

begin insert

(Coauthor: Senator Berryhill)

end insert begin insert

(Coauthors: Assembly Members Conway, Daly, Fox, Grove, and Medina)

end insert

January 29, 2014

An act to amend Section 13996.65 of, and to add Section 13996.43 to, the Government Code, relating to economic development, and making an appropriation therefor.

LEGISLATIVE COUNSEL’S DIGEST

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

begin delete

The

end delete

begin insert (1) end insert begin insert   end insert begin insert The end insert 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. 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.

This bill would, notwithstanding provisions authorizing the director of GO-Biz to establish and terminate international trade and investment offices outside of the United States if specified conditions are satisfied, and to the extent private moneys are available, require the director of GO-Biz, on or before January 1, 2016, to establish and operate, or to create a public-private partnership to establish and operate, an international trade and investment office in 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. 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.

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.

begin delete

Existing

end delete

begin insert (2) end insert begin insert   end insert begin insert Existing end insert law requires the director of GO-Biz to develop an International Trade and Investment Program for the state and to submit the strategy and business plan for the International Trade and Investment Program to the Chief Clerk of the Assembly, the Secretary of the Senate, the Speaker of the Assembly, the President pro Tempore of the Senate, the chair of the Assembly Committee on Jobs, Economic Development, and the Economy and the chair of the Senate Committee on Business, Professions and Economic Development, or respective successor committees, with jurisdiction over the international trade and economic development programs.

This bill would also require the director of GO-Biz to submit the strategy and business plan to the Senate Select Committee on California-Mexico Cooperation.

Vote: majority. Appropriation: yes. 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.  

(a) Notwithstanding subdivision (b) of Section
begin delete 13996.41, end delete begin insert 13996.41 and Section 13996.42, end insert the director shall, on
or before January 1, 2016, establish and operate, or create a
public-private partnership to establish and operate, an international
trade and investment office in Mexico City, Mexico.

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

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

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

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

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

(d) 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.

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

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

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

SEC. 2.  

Section 13996.65 of the Government Code is amended
to read:

13996.65.  

(a) The director shall prepare the following:

(1) A budget for the International Trade and Investment Program
that includes a separately stated budget for each international trade
and investment office. The budget shall provide all the following:

(A) A description of how the International Trade and Investment
Program and each individual international trade and investment
office will be funded.

(B) A description of staffing levels and the positions needed to
operate each international trade and investment office.

(2) A strategy and business plan for the International Trade and
Investment Program, developed with input from California
businesses that shall include, but not be limited to, measurable
goals, objectives, and outcomes and timelines necessary to attract
employment-producing direct foreign investment to the state and
increase California exports. The strategy and business plan shall
include, but not be limited to, all of the following:

(A) A description of the staffing levels and staff expertise needed
to operate each international trade and investment office.

(B) A description of monitoring and oversight procedures
implemented for the International Trade and Investment Program.

(C) A description of how a newly proposed international trade
and investment office will facilitate an increase of direct foreign
investment in California or an increase in California exports, or
both.

(3) A written review of the implementation of the prior year’s
strategy and business plan for the International Trade and
Investment Program that addresses the performance of the program
and each international trade and investment office.

(b) The annual budget, the strategy and business plan for the
International Trade and Investment Program, and the prior year’s
review drafted pursuant to subdivision (a) shall be transmitted to
the Chief Clerk of the Assembly, the Secretary of the Senate, the
Speaker of the Assembly, the President pro Tempore of the Senate,
the chair of the Assembly Committee on Jobs, Economic
Development, and the Economy, the chair of the Senate Committee
on Business, Professions and Economic Development, and the
Senate Select Committee on California-Mexico Cooperation, or
respective successor committees, with jurisdiction over the
international trade and economic development programs.