CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 2555Introduced by Assembly Member ChenFebruary 19, 2020 An act to amend Section 352 of the Financial Code, relating to financial institutions. LEGISLATIVE COUNSEL'S DIGESTAB 2555, as introduced, Chen. Commissioner of Business Oversight.Existing law establishes that the chief officer of the Department of Business Oversight is the Commissioner of Business Oversight, who is charged with regulating various business and financial entities. Existing law authorizes the commissioner to employ deputies, examiners, appraisers, and various other employees to discharge the duties imposed on the commissioner by law. This bill would make nonsubstantive changes to these 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 352 of the Financial Code is amended to read:352. The commissioner may employ deputies in addition to the chief deputy, and examiners, appraisers, technical assistants, investigators, administrative assistants, clerks, and other employees that he or she may need as needed to discharge in a proper manner the duties imposed upon him or her the commissioner by law. He or she The commissioner shall prescribe their duties and fix their compensation in accordance with classifications made by the State Personnel Board. The commissioner may also, at those times and on those terms as may be approved by the Governor, employ those attorneys as he or she may need. attorneys as needed.
CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 2555Introduced by Assembly Member ChenFebruary 19, 2020 An act to amend Section 352 of the Financial Code, relating to financial institutions. LEGISLATIVE COUNSEL'S DIGESTAB 2555, as introduced, Chen. Commissioner of Business Oversight.Existing law establishes that the chief officer of the Department of Business Oversight is the Commissioner of Business Oversight, who is charged with regulating various business and financial entities. Existing law authorizes the commissioner to employ deputies, examiners, appraisers, and various other employees to discharge the duties imposed on the commissioner by law. This bill would make nonsubstantive changes to these provisions.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION
Assembly Bill
No. 2555
Introduced by Assembly Member ChenFebruary 19, 2020
Introduced by Assembly Member Chen
February 19, 2020
An act to amend Section 352 of the Financial Code, relating to financial institutions.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 2555, as introduced, Chen. Commissioner of Business Oversight.
Existing law establishes that the chief officer of the Department of Business Oversight is the Commissioner of Business Oversight, who is charged with regulating various business and financial entities. Existing law authorizes the commissioner to employ deputies, examiners, appraisers, and various other employees to discharge the duties imposed on the commissioner by law. This bill would make nonsubstantive changes to these provisions.
Existing law establishes that the chief officer of the Department of Business Oversight is the Commissioner of Business Oversight, who is charged with regulating various business and financial entities. Existing law authorizes the commissioner to employ deputies, examiners, appraisers, and various other employees to discharge the duties imposed on the commissioner by law.
This bill would make nonsubstantive changes to these provisions.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 352 of the Financial Code is amended to read:352. The commissioner may employ deputies in addition to the chief deputy, and examiners, appraisers, technical assistants, investigators, administrative assistants, clerks, and other employees that he or she may need as needed to discharge in a proper manner the duties imposed upon him or her the commissioner by law. He or she The commissioner shall prescribe their duties and fix their compensation in accordance with classifications made by the State Personnel Board. The commissioner may also, at those times and on those terms as may be approved by the Governor, employ those attorneys as he or she may need. attorneys as needed.
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 352 of the Financial Code is amended to read:352. The commissioner may employ deputies in addition to the chief deputy, and examiners, appraisers, technical assistants, investigators, administrative assistants, clerks, and other employees that he or she may need as needed to discharge in a proper manner the duties imposed upon him or her the commissioner by law. He or she The commissioner shall prescribe their duties and fix their compensation in accordance with classifications made by the State Personnel Board. The commissioner may also, at those times and on those terms as may be approved by the Governor, employ those attorneys as he or she may need. attorneys as needed.
SECTION 1. Section 352 of the Financial Code is amended to read:
### SECTION 1.
352. The commissioner may employ deputies in addition to the chief deputy, and examiners, appraisers, technical assistants, investigators, administrative assistants, clerks, and other employees that he or she may need as needed to discharge in a proper manner the duties imposed upon him or her the commissioner by law. He or she The commissioner shall prescribe their duties and fix their compensation in accordance with classifications made by the State Personnel Board. The commissioner may also, at those times and on those terms as may be approved by the Governor, employ those attorneys as he or she may need. attorneys as needed.
352. The commissioner may employ deputies in addition to the chief deputy, and examiners, appraisers, technical assistants, investigators, administrative assistants, clerks, and other employees that he or she may need as needed to discharge in a proper manner the duties imposed upon him or her the commissioner by law. He or she The commissioner shall prescribe their duties and fix their compensation in accordance with classifications made by the State Personnel Board. The commissioner may also, at those times and on those terms as may be approved by the Governor, employ those attorneys as he or she may need. attorneys as needed.
352. The commissioner may employ deputies in addition to the chief deputy, and examiners, appraisers, technical assistants, investigators, administrative assistants, clerks, and other employees that he or she may need as needed to discharge in a proper manner the duties imposed upon him or her the commissioner by law. He or she The commissioner shall prescribe their duties and fix their compensation in accordance with classifications made by the State Personnel Board. The commissioner may also, at those times and on those terms as may be approved by the Governor, employ those attorneys as he or she may need. attorneys as needed.
352. The commissioner may employ deputies in addition to the chief deputy, and examiners, appraisers, technical assistants, investigators, administrative assistants, clerks, and other employees that he or she may need as needed to discharge in a proper manner the duties imposed upon him or her the commissioner by law. He or she The commissioner shall prescribe their duties and fix their compensation in accordance with classifications made by the State Personnel Board. The commissioner may also, at those times and on those terms as may be approved by the Governor, employ those attorneys as he or she may need. attorneys as needed.