California legislation · 2025-2026 Regular Session
California AB2080: Investment of funds: delegation to county treasurer.
Status: In committee, August 27, 2026
What the bill says
An act to amend Sections 27000.1 and 53607 of, and to amend and renumber Section 53600.5 of, the Government Code, relating to local government. local government Investment of funds: delegation to county treasurer. Existing law generally authorizes local agencies to invest or reinvest public funds and prescribes rules for that investing or reinvesting…
From the committee substitute text, August 21, 2026:
An act to amend Sections 27000.1 and 53607 of, and to amend and renumber Section 53600.5 of, the Government Code, relating to local government. local government Investment of funds: delegation to county treasurer. Existing law generally authorizes local agencies to invest or reinvest public funds and prescribes rules for that investing or reinvesting. Existing law authorizes a legislative body of a local agency to delegate this authority for a one-year period to the treasurer of the local agency, as specified, and after a delegation, requires the treasurer to make a monthly report of those transactions to the legislative body. Existing law authorizes a county board of supervisors, by ordinance, to delegate this authority to the county treasurer, as specified, and, after a delegation, requires the treasurer to assume this responsibility until the board to either revokes this delegation by ordinance or decides not to renew the one-year period described above. This bill would remove the requirement that a delegation by a county board of supervisors be made by ordinance. The bill would remove the one-year limitation on those delegations, and would remove the requirement that revocation of those delegations be made by ordinance. The bill would condition a delegation on the county investment policy requiring the county treasurer to make monthly and quarterly reports, as specified. This bill would incorporate …
Sponsors
- Natasha Johnson (R, AD63) · primary sponsor
Latest actions
- : Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0.).
- : In Assembly. Concurrence in Senate amendments pending.
- : Read second time. Ordered to third reading.
- : Read second time. Ordered to third reading.
- : From committee: Do pass. (Ayes 7. Noes 0.) (July 1).
- : From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on L. GOV.
- : Referred to Com. on L. GOV.
- : In Senate. Read first time. To Com. on RLS. for assignment.
- : Read third time. Passed. Ordered to the Senate. (Ayes 69. Noes 0. Page 4958.)
- : Read second time. Ordered to third reading.
Votes
- Assembly 3rd Reading AB2080 Johnson By Choi (August 27, 2026): 40 yea, 0 nay, passed
- Do pass (July 1, 2026): 7 yea, 0 nay, passed
- AB 2080 Johnson Assembly Third Reading (May 7, 2026): 69 yea, 0 nay, passed
- Do pass. (March 25, 2026): 10 yea, 0 nay, passed
Common questions
- What is AB2080?
- AB2080 is a bill in the California Legislature (2025-2026 Regular Session): Investment of funds: delegation to county treasurer.
- What does AB2080 do?
- In its own words: An act to amend Sections 27000.1 and 53607 of, and to amend and renumber Section 53600.5 of, the Government Code, relating to local government. local government Investment of funds: delegation to county treasurer. Existing law generally authorizes local agencies to invest or reinvest public funds and prescribes rules for that investing or reinvesting…
- What is the status of AB2080?
- In committee as of August 27, 2026. Latest action: Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0.). (August 27, 2026).
- Who sponsored AB2080?
- Natasha Johnson (R, AD63).
- Where is the official record for AB2080?
- On the California Legislature website: https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260AB2080
Source: official California record. Tracked by Delilah, AI for legislation across all 50 states and Congress.