Amended IN Assembly March 16, 2023 CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION Assembly Bill No. 1307Introduced by Assembly Member Members Wicks and Luz RivasFebruary 16, 2023 An act to amend Section 1320 of the Financial Code, relating to financial institutions. An act to add Section 21085 to the Public Resources Code, relating to environmental quality.LEGISLATIVE COUNSEL'S DIGESTAB 1307, as amended, Wicks. Banks or trust companies: property interests. California Environmental Quality Act: noise impact: residential projects.The California Environmental Quality Act (CEQA) requires a lead agency, as defined, to prepare, or cause to be prepared, and certify the completion of an environmental impact report on a project that it proposes to carry out or approve that may have a significant effect on the environment or to adopt a negative declaration if it finds that the project will not have that effect. CEQA also requires a lead agency to prepare a mitigated negative declaration for a project that may have a significant effect on the environment if revisions in the project would avoid or mitigate that effect and there is no substantial evidence that the project, as revised, would have a significant effect on the environment. This bill would specify that noise generated by the unamplified voices of residents is not a significant effect on the environment for residential projects for purposes of CEQA.Under existing law, a bank or trust company may purchase, acquire, hold, or lease real property or an interest therein only in specified circumstances, including, among others, as may be necessary or convenient for the use, operation, or housing of its head office and branch offices.This bill would make a nonsubstantive change to these provisions.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NOYES Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 21085 is added to the Public Resources Code, to read:21085. For purposes of this division, noise generated by the unamplified voices of residents is not a significant effect on the environment for residential projects.SECTION 1.Section 1320 of the Financial Code is amended to read:1320.A bank or trust company may purchase, acquire, hold, or lease real property or an interest therein only as follows:(a)Such as may be necessary or convenient for the use, operation, or housing of its head office and branch offices, or for the storage of records or other personal property, or for office space for use by its officers or employees, or which may be reasonably necessary for future expansion of its business, or which is otherwise reasonably related to the conduct of its business. Real property used by a bank as its banking premises may include in addition to the space required for the transaction of its business other space which may be let as a source of income.(b)Such as may be conveyed to it in satisfaction in whole or in part of debts previously contracted in the course of its business.(c)Such as it may purchase or acquire at foreclosure sales under mortgages or deeds of trust held by it, or under judgments or decrees in its favor.(d)Such as it may purchase or otherwise acquire when necessary to minimize or prevent the loss or destruction of any lien or interest therein.(e)Such as it may purchase or otherwise acquire pursuant to Section 1322.A bank or trust company may sell, lease, or encumber real property or any interest therein owned by it, or, with the written approval of the commissioner, exchange the same for other real property.
Amended IN Assembly March 16, 2023 CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION Assembly Bill No. 1307Introduced by Assembly Member Members Wicks and Luz RivasFebruary 16, 2023 An act to amend Section 1320 of the Financial Code, relating to financial institutions. An act to add Section 21085 to the Public Resources Code, relating to environmental quality.LEGISLATIVE COUNSEL'S DIGESTAB 1307, as amended, Wicks. Banks or trust companies: property interests. California Environmental Quality Act: noise impact: residential projects.The California Environmental Quality Act (CEQA) requires a lead agency, as defined, to prepare, or cause to be prepared, and certify the completion of an environmental impact report on a project that it proposes to carry out or approve that may have a significant effect on the environment or to adopt a negative declaration if it finds that the project will not have that effect. CEQA also requires a lead agency to prepare a mitigated negative declaration for a project that may have a significant effect on the environment if revisions in the project would avoid or mitigate that effect and there is no substantial evidence that the project, as revised, would have a significant effect on the environment. This bill would specify that noise generated by the unamplified voices of residents is not a significant effect on the environment for residential projects for purposes of CEQA.Under existing law, a bank or trust company may purchase, acquire, hold, or lease real property or an interest therein only in specified circumstances, including, among others, as may be necessary or convenient for the use, operation, or housing of its head office and branch offices.This bill would make a nonsubstantive change to these provisions.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NOYES Local Program: NO
Amended IN Assembly March 16, 2023
Amended IN Assembly March 16, 2023
CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION
Assembly Bill
No. 1307
Introduced by Assembly Member Members Wicks and Luz RivasFebruary 16, 2023
Introduced by Assembly Member Members Wicks and Luz Rivas
February 16, 2023
An act to amend Section 1320 of the Financial Code, relating to financial institutions. An act to add Section 21085 to the Public Resources Code, relating to environmental quality.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 1307, as amended, Wicks. Banks or trust companies: property interests. California Environmental Quality Act: noise impact: residential projects.
The California Environmental Quality Act (CEQA) requires a lead agency, as defined, to prepare, or cause to be prepared, and certify the completion of an environmental impact report on a project that it proposes to carry out or approve that may have a significant effect on the environment or to adopt a negative declaration if it finds that the project will not have that effect. CEQA also requires a lead agency to prepare a mitigated negative declaration for a project that may have a significant effect on the environment if revisions in the project would avoid or mitigate that effect and there is no substantial evidence that the project, as revised, would have a significant effect on the environment. This bill would specify that noise generated by the unamplified voices of residents is not a significant effect on the environment for residential projects for purposes of CEQA.Under existing law, a bank or trust company may purchase, acquire, hold, or lease real property or an interest therein only in specified circumstances, including, among others, as may be necessary or convenient for the use, operation, or housing of its head office and branch offices.This bill would make a nonsubstantive change to these provisions.
The California Environmental Quality Act (CEQA) requires a lead agency, as defined, to prepare, or cause to be prepared, and certify the completion of an environmental impact report on a project that it proposes to carry out or approve that may have a significant effect on the environment or to adopt a negative declaration if it finds that the project will not have that effect. CEQA also requires a lead agency to prepare a mitigated negative declaration for a project that may have a significant effect on the environment if revisions in the project would avoid or mitigate that effect and there is no substantial evidence that the project, as revised, would have a significant effect on the environment.
This bill would specify that noise generated by the unamplified voices of residents is not a significant effect on the environment for residential projects for purposes of CEQA.
Under existing law, a bank or trust company may purchase, acquire, hold, or lease real property or an interest therein only in specified circumstances, including, among others, as may be necessary or convenient for the use, operation, or housing of its head office and branch offices.
This bill would make a nonsubstantive change to these provisions.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 21085 is added to the Public Resources Code, to read:21085. For purposes of this division, noise generated by the unamplified voices of residents is not a significant effect on the environment for residential projects.SECTION 1.Section 1320 of the Financial Code is amended to read:1320.A bank or trust company may purchase, acquire, hold, or lease real property or an interest therein only as follows:(a)Such as may be necessary or convenient for the use, operation, or housing of its head office and branch offices, or for the storage of records or other personal property, or for office space for use by its officers or employees, or which may be reasonably necessary for future expansion of its business, or which is otherwise reasonably related to the conduct of its business. Real property used by a bank as its banking premises may include in addition to the space required for the transaction of its business other space which may be let as a source of income.(b)Such as may be conveyed to it in satisfaction in whole or in part of debts previously contracted in the course of its business.(c)Such as it may purchase or acquire at foreclosure sales under mortgages or deeds of trust held by it, or under judgments or decrees in its favor.(d)Such as it may purchase or otherwise acquire when necessary to minimize or prevent the loss or destruction of any lien or interest therein.(e)Such as it may purchase or otherwise acquire pursuant to Section 1322.A bank or trust company may sell, lease, or encumber real property or any interest therein owned by it, or, with the written approval of the commissioner, exchange the same for other real property.
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 21085 is added to the Public Resources Code, to read:21085. For purposes of this division, noise generated by the unamplified voices of residents is not a significant effect on the environment for residential projects.
SECTION 1. Section 21085 is added to the Public Resources Code, to read:
### SECTION 1.
21085. For purposes of this division, noise generated by the unamplified voices of residents is not a significant effect on the environment for residential projects.
21085. For purposes of this division, noise generated by the unamplified voices of residents is not a significant effect on the environment for residential projects.
21085. For purposes of this division, noise generated by the unamplified voices of residents is not a significant effect on the environment for residential projects.
21085. For purposes of this division, noise generated by the unamplified voices of residents is not a significant effect on the environment for residential projects.
A bank or trust company may purchase, acquire, hold, or lease real property or an interest therein only as follows:
(a)Such as may be necessary or convenient for the use, operation, or housing of its head office and branch offices, or for the storage of records or other personal property, or for office space for use by its officers or employees, or which may be reasonably necessary for future expansion of its business, or which is otherwise reasonably related to the conduct of its business. Real property used by a bank as its banking premises may include in addition to the space required for the transaction of its business other space which may be let as a source of income.
(b)Such as may be conveyed to it in satisfaction in whole or in part of debts previously contracted in the course of its business.
(c)Such as it may purchase or acquire at foreclosure sales under mortgages or deeds of trust held by it, or under judgments or decrees in its favor.
(d)Such as it may purchase or otherwise acquire when necessary to minimize or prevent the loss or destruction of any lien or interest therein.
(e)Such as it may purchase or otherwise acquire pursuant to Section 1322.
A bank or trust company may sell, lease, or encumber real property or any interest therein owned by it, or, with the written approval of the commissioner, exchange the same for other real property.