CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Assembly Bill No. 862Introduced by Assembly Member MaienscheinFebruary 16, 2017 An act to amend Section 97009 of the Government Code, relating to corrections. LEGISLATIVE COUNSEL'S DIGESTAB 862, as introduced, Maienschein. Social innovation financing.Existing law, until January 1, 2022, establishes the Social Innovation Financing Program to award grant funding to 3 counties to reduce recidivism through contracts between the government, private investors, and service providers pursuant to which private investors agree to provide financing to service providers to achieve social outcomes agreed upon in advance, and the government agency agrees to pay a return on the investment to the investors if successful programmatic outcomes are achieved by the service provider.This bill would make technical, nonsubstantive changes to those provisions.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 97009 of the Government Code is amended to read:97009. (a) It is the intent of the Legislature that that, as part of the package to reduce recidivism in California, the concept of pay for success or social innovation financing should be included to take advantage of available philanthropic and private investment.(b) The Legislature hereby declares that a variety of approaches have been shown to be successful in reducing recidivism, including addressing homelessness, substance use disorder disorder, and unemployment among specific demographic groups.
CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Assembly Bill No. 862Introduced by Assembly Member MaienscheinFebruary 16, 2017 An act to amend Section 97009 of the Government Code, relating to corrections. LEGISLATIVE COUNSEL'S DIGESTAB 862, as introduced, Maienschein. Social innovation financing.Existing law, until January 1, 2022, establishes the Social Innovation Financing Program to award grant funding to 3 counties to reduce recidivism through contracts between the government, private investors, and service providers pursuant to which private investors agree to provide financing to service providers to achieve social outcomes agreed upon in advance, and the government agency agrees to pay a return on the investment to the investors if successful programmatic outcomes are achieved by the service provider.This bill would make technical, nonsubstantive changes to those provisions.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION
Assembly Bill No. 862
Introduced by Assembly Member MaienscheinFebruary 16, 2017
Introduced by Assembly Member Maienschein
February 16, 2017
An act to amend Section 97009 of the Government Code, relating to corrections.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 862, as introduced, Maienschein. Social innovation financing.
Existing law, until January 1, 2022, establishes the Social Innovation Financing Program to award grant funding to 3 counties to reduce recidivism through contracts between the government, private investors, and service providers pursuant to which private investors agree to provide financing to service providers to achieve social outcomes agreed upon in advance, and the government agency agrees to pay a return on the investment to the investors if successful programmatic outcomes are achieved by the service provider.This bill would make technical, nonsubstantive changes to those provisions.
Existing law, until January 1, 2022, establishes the Social Innovation Financing Program to award grant funding to 3 counties to reduce recidivism through contracts between the government, private investors, and service providers pursuant to which private investors agree to provide financing to service providers to achieve social outcomes agreed upon in advance, and the government agency agrees to pay a return on the investment to the investors if successful programmatic outcomes are achieved by the service provider.
This bill would make technical, nonsubstantive changes to those provisions.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 97009 of the Government Code is amended to read:97009. (a) It is the intent of the Legislature that that, as part of the package to reduce recidivism in California, the concept of pay for success or social innovation financing should be included to take advantage of available philanthropic and private investment.(b) The Legislature hereby declares that a variety of approaches have been shown to be successful in reducing recidivism, including addressing homelessness, substance use disorder disorder, and unemployment among specific demographic groups.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 97009 of the Government Code is amended to read:97009. (a) It is the intent of the Legislature that that, as part of the package to reduce recidivism in California, the concept of pay for success or social innovation financing should be included to take advantage of available philanthropic and private investment.(b) The Legislature hereby declares that a variety of approaches have been shown to be successful in reducing recidivism, including addressing homelessness, substance use disorder disorder, and unemployment among specific demographic groups.
SECTION 1. Section 97009 of the Government Code is amended to read:
### SECTION 1.
97009. (a) It is the intent of the Legislature that that, as part of the package to reduce recidivism in California, the concept of pay for success or social innovation financing should be included to take advantage of available philanthropic and private investment.(b) The Legislature hereby declares that a variety of approaches have been shown to be successful in reducing recidivism, including addressing homelessness, substance use disorder disorder, and unemployment among specific demographic groups.
97009. (a) It is the intent of the Legislature that that, as part of the package to reduce recidivism in California, the concept of pay for success or social innovation financing should be included to take advantage of available philanthropic and private investment.(b) The Legislature hereby declares that a variety of approaches have been shown to be successful in reducing recidivism, including addressing homelessness, substance use disorder disorder, and unemployment among specific demographic groups.
97009. (a) It is the intent of the Legislature that that, as part of the package to reduce recidivism in California, the concept of pay for success or social innovation financing should be included to take advantage of available philanthropic and private investment.(b) The Legislature hereby declares that a variety of approaches have been shown to be successful in reducing recidivism, including addressing homelessness, substance use disorder disorder, and unemployment among specific demographic groups.
97009. (a) It is the intent of the Legislature that that, as part of the package to reduce recidivism in California, the concept of pay for success or social innovation financing should be included to take advantage of available philanthropic and private investment.
(b) The Legislature hereby declares that a variety of approaches have been shown to be successful in reducing recidivism, including addressing homelessness, substance use disorder disorder, and unemployment among specific demographic groups.