Politics.AIAssembly BillPassed first houseGovernment
AB 2080: Investment of funds: delegation to county treasurer.
What AB 2080 does, verified August 25, 2026
The bill aims to amend the government code to allow local governments to delegate investment authority to their treasurers without the need for a formal ordinance. This delegation can now be made through a resolution or other official action. The bill also removes the one-year limitation on these delegations and eliminates the requirement for revocation to be made through an ordinance. Additionally, the bill requires local governments to establish reporting requirements for the treasurer after delegation.
Bill journey
✓IntroducedComplete
✓In CommitteeComplete
✓First Chamber FloorComplete
4Second ChamberCurrent
5GovernorPending
6ChapteredPending
Last action: Read second time. Ordered to third reading. (2026-08-24)Alert me
Author and sponsors
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| Aug. 24, 2026 | Read second time. Ordered to third reading. |
| Aug. 21, 2026 | Read third time and amended. Ordered to second reading. |
| Aug. 03, 2026 | Read second time. Ordered to third reading. |
| Jul. 02, 2026 | From committee: Do pass. (Ayes 7. Noes 0.) (July 1). |
| Jun. 10, 2026 | 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. |