California Public Records Act: public investment funds.

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Signed into Law

Summary

The bill amends the California Public Records Act to require public investment funds to release specific information about their alternative‑investment holdings, while still protecting proprietary due‑diligence materials. It forces disclosure of names, commitments, returns, fees and a performance comparison to a public market index. The goal is to give the public more insight into how taxpayer‑funded money is invested without imposing new costs on local agencies.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Vote

From committee: Do pass and re-refer to Com. on L., P.E. & R. (Ayes 12. Noes 0. Page 3869.) (April 14). Re-referred to Com. on L., P.E. & R. · Apr 15, 2026

Hearings

• Appropriations Committee Hearing
  Appropriations · May 14, 2026
• Appropriations Committee Hearing
  Appropriations · May 4, 2026
• Labor, Public Employment and Retirement Committee Hearing
  Labor, Public Employment and Retirement · Apr 22, 2026
• Judiciary Committee Hearing
  Judiciary · Apr 14, 2026
• Judiciary
  Senate Judiciary Committee · Apr 14, 2026

History

1. May 14, 2026May 14 hearing: Held in committee and under submission.
2. May 8, 2026Set for hearing May 14.
3. May 4, 2026May 4 hearing: Placed on APPR. suspense file.
4. Apr 24, 2026Set for hearing May 4.
5. Apr 22, 2026From committee: Do pass and re-refer to Com. on APPR. (Ayes 4. Noes 0. Page 4013.) (April 22). Re-referred to Com. on APPR.
6. Apr 15, 2026Set for hearing April 22 in L., P.E. & R. pending receipt.
7. Apr 15, 2026From committee: Do pass and re-refer to Com. on L., P.E. & R. (Ayes 12. Noes 0. Page 3869.) (April 14). Re-referred to Com. on L., P.E. & R.
8. Apr 15, 2026From committee with author's amendments. Read second time and amended. Re-referred to Com. on L., P.E. & R.
9. Apr 9, 2026Set for hearing April 14.
10. Apr 8, 2026Re-referred to Coms. on JUD. and L., P.E. & R.
11. Mar 25, 2026From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
12. Mar 4, 2026Referred to Com. on RLS.

The 12 most recent of 15 recorded actions.

Sponsors

• Durazo · sponsor
• Cortese

Bill text

Opens the legislature’s own copy.

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