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The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) is a law passed by the U.S. Congress on a reconciliation basis and signed by President Ronald Reagan that, among other things, mandates an insurance program which gives some employees the ability to continue health insurance coverage after leaving employment.
A legislative bill is "chaptered" by the Secretary of State once it passes through both houses of the California State Legislature and has either been signed by the Governor or has become law without the Governor's signature. The secretary of state assigns a sequential chapter number to all bills that become law.
The legislature also regularly enacts a variety of other resolutions which are not laws of general application, such as annual budget bills, appropriation bills for specific periods of time, acts authorizing the purchase or disposition of land by the state government, and acts authorizing the issuance of bonds which terminate automatically upon ...
California’s Employment Development Department, which oversees the state’s unemployment insurance program, has said that it would rely on increased federal taxes on employers to pay down the ...
The last time California faced a budget deficit and recession, Gov. Gavin Newsom cut worker pay by 9.23% and mandated paid leave. Gavin Newsom keeps money for state worker pay raises in budget as ...
California has just 72 percent of the assets needed to make payments to retired public workers, many of whom get to collect six-figure annual payments.
California faced another budget gap for 2010, [8] with $72 billion in debt. [9] California faced a massive and still-growing debt. [10] In June 2009 Gov. Arnold Schwarzenegger said "Our wallet is empty, our bank is closed and our credit is dried up." [11] He called for massive budget cuts of $24 billion, about 1 ⁄ 4 of the state's budget. [11 ...
In 1909, California passed the Bank Act, creating the State Banking Department. By doing this, California looked to protect depositors and ensure responsible regulation within the banking system. In 1913, the California Legislature enacted the Investment Companies Act, which created the State Corporations Department. The new department was led ...
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