Assembly Bill

AB 2570 (Arambula) – Community Investment

Among other things, would have required large public pension funds report annually to the Controller on investments made in California’s emerging domestic markets. Also stated legislative intent that local retirement systems invest in those emerging domestic markets within the state.

  • Version: Enrolled 9/15/2006
  • Sponsor: CA Association for Local Economic Development
  • Location: Vetoed by Governor
  • Board Position: Oppose, unless amended

CalSTRS Analysis:

Amended 5/26/2006