In July, I posted this item regarding California's Capital Access Company law.  My friend, Lee Petillon, was the mover behind the original legislation.  He is also the author and lead cheerleader for SB 1155 (Dutton & Price).  The Capital Access Company law has yet to be used and SB 1155 is intended to eliminate some of the perceived problems with the original law.  The bill has passed out of the Assembly and Senate and thus will be on the Governor's desk for signature following enrollment.  (After a bill has been passed by both houses of the legislature, it is sent to enrollment.  Enrollment involves a final proofreading of the bill before it is sent to the Governor.)  Assuming the bill is signed by the Governor, it will take effect on January 1, 2011.