California Assembly Bill AB2131 Amended / Bill

 BILL NUMBER: AB 2131AMENDED BILL TEXT AMENDED IN SENATE JUNE 26, 2012 INTRODUCED BY Assembly Member Olsen  (   Principal coauthor:   Senator   Cannella   )   (   Coauthor:   Assembly Member   Gordon   )  FEBRUARY 23, 2012 An act to amend  Section 53601   Sections 27000.8 and 27000.9  of the Government Code, relating to local government. LEGISLATIVE COUNSEL'S DIGEST AB 2131, as amended, Olsen. Local government:  investments.   tax collectors: continuing education.   Existing law requires a county treasurer, whether elected or appointed, to complete a valid continuing course of study, on or before June 30 of each 2-year period, and to provide certification of completion of that course to the Controller. The continuing education program is required to consist of, at a minimum, 24 hours or an equivalent amount of continuing education units within the discipline of treasury management, public finance, public administration, governmental accounting, or directly related subjects, as specified.   This bill would additionally require the continuing education course to include tax collection in the continuing education disciplines described above.   Existing law authorizes the legislative body of a local agency, as defined, that has a sinking fund or moneys in its treasury that is not required for immediate needs to invest in specified investments, including, among other things, United States Treasury notes, bonds, bills, or certificates of indebtedness, and bonds issued by the local agency.   This bill would authorize the legislative body of a city, county, or city and county to invest up to 5% of the city, county, or city and county's aggregate investment funds in Property Assessed Clean Energy (PACE) bonds or projects financed with PACE bonds.  Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:  SECTION 1.   Section 27000.8 of the   Government Code   is amended to read:  27000.8. Any duly elected county treasurer, county tax collector, or county treasurer-tax collector serving in that office on January 1, 1996, may serve for his or her remaining term of office during which period of time the requirements of this section shall not apply. After the election of a county treasurer, county tax collector, or county treasurer-tax collector to office, that person shall complete a valid continuing course of study as prescribed in this section, and shall during the person's four-year term of office on or before June 30 of the fourth year, render to the  State  Controller a certification indicating that the person has successfully completed a continuing education program consisting of, at a minimum, 48 hours, or an equivalent amount of continuing education units within the discipline of treasury management,  tax collection,  public finance, public administration, governmental accounting, or directly related subjects, offered by a recognized state or national association, institute, or accredited college or university, or the California Debt and Investment Advisory Commission, that provides the requisite educational programs prescribed in this section. The willful or negligent failure of any elected county treasurer, county tax collector, or county treasurer-tax collector to comply with the requirements of this section shall be deemed a violation of this section.  SEC. 2.   Section 27000.9 of the   Government Code   is amended to read:  27000.9. Notwithstanding any other requirement of law, any duly appointed county officer serving in the capacity of county treasurer, county tax collector, or county treasurer-tax collector shall, beginning in 2000, complete a valid continuing course of study as prescribed in this section, and shall, on or before June 30 of each two-year period, render to the  State  Controller, a certification indicating that the county officer has successfully completed a continuing education program consisting of, at a minimum, 24 hours or an equivalent amount of continuing education units within the discipline of treasury management,  tax collection,  public finance, public administration, governmental accounting, or directly related subjects, offered by a recognized state or national association, institute, or accredited college or university, or the California Debt and Investment Advisory Commission, that provides the requisite educational programs prescribed in this section. The willful or negligent failure of any county officer serving in the capacity of county treasurer, county tax collector, or county treasurer-tax collector to comply with the requirements of this section shall be deemed a violation of this section. All matter omitted in this version of the bill appears in the bill as introduced in the Assembly, February 23, 2012. (JR11)