Governor – Page 826 – California Globe

AB 1105: Sale of Net Operating Losses

March 10, 2023 7:08 amMarch 10, 2023 7:10 am

Assembly Bill 1105 (Petrie-Norris) was recently amended to provide for the sale of net operating losses (NOLs). AB 1105 would amend Revenue and Taxation Code Sections 17276 and 24416, as well as add Revenue and Taxation Code Sections 17137 and...

Governor Newsom Ends $54 Million Department of General Services Contract With Walgreens

March 9, 2023 7:03 amMarch 9, 2023 9:32 am

Governor Gavin Newsom announced on Wednesday that the state will be ending a $54 million contract with Walgreens, the first of likely many state actions against the pharmacy and retail company following an announcement earlier this week that the state...

What Is a Reversion Clause?

March 9, 2023 6:43 amMarch 9, 2023 6:48 am

Readers of California legislation have likely seen a reversion clause when reviewing a fiscal bill, usually the budget bill or budget bill junior. A “reversion clause” is used with one or more appropriations. This clause means that state funds revert...

The Real World Impact of Gov. Newsom’s Edict About Walgreens

March 8, 2023 5:47 pmMarch 9, 2023 6:35 am

Walgreens’ announced last week that the pharmacy chain would no longer sell abortion pills in 20 states after attorney generals from those states threatened legal action. Walgreens’ decision came about following the United States Supreme Court decision Dobbs v. Jackson Women’s Health...

Garcetti Squeezes Through Committee Vote

March 8, 2023 3:55 pmMarch 8, 2023 4:05 pm

Despite being called “unfit to represent our country” by his own former communications director, erstwhile Los Angeles Mayor Eric Garcetti squeaked through the Senate Foreign Relations Committee today and his 600-day-old nomination to become ambassador to India is now headed...

To Fix Our Government We Must Fix Our Election System

March 8, 2023 7:28 amMarch 8, 2023 7:40 am

Nothing is more sacred in our American system of government than the right to vote. Generations of Americans have made great sacrifices to protect and expand the right to vote. Today, our republic is under threat because the public is losing...

Prohibited Confidential Settlement Agreements

March 8, 2023 6:52 amMarch 8, 2023 6:57 am

California’s Code of Civil Procedure contains several prohibitions on certain settlement agreements. Part 2, Title 14, Chapter 3.5 deals with confidential settlement agreements and, in Section 1001, provides that a provision within a settlement agreement that prevents or restricts the...