AB-2080 • 2026

Investment of funds: delegation to county treasurer.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Johnson
Last action: 2026-06-10
Official status: From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on L. GOV.
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Investment of funds: delegation to county treasurer.

AB 2080, as amended, Johnson.

What This Bill Does

AB 2080, as amended, Johnson.
Investment of funds: delegation to county treasurer.
Existing law generally authorizes local agencies to invest or reinvest public funds and prescribes rules for that investing or reinvesting.
Existing law authorizes a legislative body of a local agency to delegate this authority for a one-year period to the treasurer of the local agency, as specified, and after a delegation, requires the treasurer to make a monthly report of those transactions to the legislative body.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-06-10 California Legislative Information
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on L. GOV.
2026-05-20 California Legislative Information
Referred to Com. on L. GOV.
2026-05-07 California Legislative Information
In Senate. Read first time. To Com. on RLS. for assignment.
2026-05-07 California Legislative Information
Read third time. Passed. Ordered to the Senate. (Ayes 69. Noes 0. Page 4958.)
2026-03-26 California Legislative Information
Read second time. Ordered to third reading.
2026-03-25 California Legislative Information
From committee: Do pass. (Ayes 10. Noes 0.) (March 25).
2026-03-17 California Legislative Information
Re-referred to Com. on L. GOV.
2026-03-16 California Legislative Information
From committee chair, with author's amendments: Amend, and re-refer to Com. on L. GOV. Read second time and amended.
2026-03-02 California Legislative Information
Referred to Com. on L. GOV.
2026-02-19 California Legislative Information
From printer. May be heard in committee March 21.
2026-02-18 California Legislative Information
Read first time. To print.

Official Summary Text

AB 2080, as amended, Johnson.
Investment of funds: delegation to county treasurer.
Existing law generally authorizes local agencies to invest or reinvest public funds and prescribes rules for that investing or reinvesting. Existing law authorizes a legislative body of a local agency to delegate this authority for a one-year period to the treasurer of the local agency, as specified, and after a delegation, requires the treasurer to make a monthly report of those transactions to the legislative body. Existing law authorizes a county board of supervisors, by ordinance, to delegate this authority to the county treasurer, as specified, and, after a delegation, requires the treasurer to assume this responsibility until the board to either revokes this delegation by ordinance or decides not to renew the one-year period described above.
This bill would remove the requirement that a delegation by a county board of supervisors be made
by ordinance. The bill would remove the one-year limitation on those delegations, and would remove the requirement that revocation of those delegations be made by ordinance. The bill would
require the county board of supervisors to set monthly or quarterly reporting requirements after delegation,
condition a delegation on the county investment policy requiring the county treasurer to make monthly and quarterly reports,
as specified.

Current Bill Text

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