BILL NUMBER: AB 2378INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Achadjian FEBRUARY 18, 2016 An act relating to theft. LEGISLATIVE COUNSEL'S DIGEST AB 2378, as introduced, Achadjian. Theft. Under existing law, grand theft is generally the theft of anything valued at $950 or more and is punished as either a misdemeanor or a felony. All other theft is petty theft and is punished as a misdemeanor. This bill would state the intent of the Legislature to enact legislation relating to theft. 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. It is the intent of the Legislature to enact legislation relating to theft.