SB 1319: California Public Records Act: public investment funds.

Official summary

Legislative Counsel’s Digest (official, as of the latest version). Written by nonpartisan legislative staff; reproduced verbatim.

The California Public Records Act (act) requires state and local agencies to make their records available for public inspection, unless an exemption from disclosure applies. The act exempts from disclosure certain records regarding alternative investments in which public investment funds invest, including records containing information regarding the portfolio positions in which alternative investment funds invest. The act, however, requires certain information contained in those records to be disclosed, including, among other things, the name, address, and vintage year of each alternative investment vehicle. The act defines various terms for these purposes.

This bill would additionally require the disclosure of certain additional information, including, among other things, the name of each general partner or manager of each alternative investment vehicle and of each person with a direct or indirect interest in the general partner or manager. The bill would except this information contained in those records subject to disclosure, as provided, from the records containing information regarding the portfolio positions described above that are exempt from disclosure. By placing additional duties and responsibilities upon local agencies in connection with requests for inspection of records, the bill would impose a state-mandated local program.

The California Constitution requires local agencies, for the purpose of ensuring public access to the meetings of public bodies and the writings of public officials and agencies, to comply with a statutory enactment that amends or enacts laws relating to public records or open meetings and contains findings demonstrating that the enactment furthers the constitutional requirements relating to this purpose.

This bill would make legislative findings to that effect.

The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement.

This bill would provide that no reimbursement is required by this act for a specified reason.

Sponsors

Sponsors by party (alphabetical): Democratic 2

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

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. April 24, 2026Set for hearing May 4.
5. April 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. April 15, 2026From committee with author's amendments. Read second time and amended. Re-referred to Com. on L., P.E. & R.
7. April 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. April 15, 2026Set for hearing April 22 in L., P.E. & R. pending receipt.
9. April 9, 2026Set for hearing April 14.
10. April 8, 2026Re-referred to Coms. on JUD. and L., P.E. & R.
11. March 25, 2026From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
12. March 4, 2026Referred to Com. on RLS.