This report summarizes the fiscal effects of legislation enacted during the 1989 Regular Session of the California Legislature, and the First Extraordinary Session called by the Governor in response to the October 17 Lorna Prieta earthquake. This report is divided into two parts. Part 1 of the report describes the provisions and fiscal effects of some 70 major bills enacted during the 1989 Regular Session. The discussion of individual bills in Part 1 of this report is intended to be illustrative of the actions taken by the Legislature on major financial legislation in 1989. Part 2 discusses the provisions and fiscal effects of the 24 measures chaptered during the First Extraordinary Session of the Legislature in November.