CURRENT BILL STATUS MEASURE : A.B. No. 1318 AUTHOR(S) : Gray and Olsen. TOPIC : School finance: school districts: annual budgets: reserve balance. +LAST AMENDED DATE : 05/06/2015 TYPE OF BILL : Inactive Non-Urgency Non-Appropriations Majority Vote Required State-Mandated Local Program Fiscal Non-Tax Levy LAST HIST. ACT. DATE: 02/01/2016 LAST HIST. ACTION : From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. COMM. LOCATION : ASM EDUCATION TITLE : An act to amend Sections 42127 and 42127.01 of the Education Code, relating to school finance.