Christine Kehoe
- Democratic
Author
The State General Obligation Bond Law sets forth the procedures for the issuance and sale of bonds governed by its provisions and for the disbursal of the proceeds of the sale of those bonds. Existing law provides for various oversight and reporting requirements for the expenditure of state funds, including the proceeds of bonds. This bill would require the Controller to select one or more projects funded by any state general obligation bond act approved on or after January 1, 2010, to be the subject of an audit to be conducted as specified. The Controller would be required annually to assign up to 5 auditor positions to conduct these audits. The Controller would be authorized to examine any record of any agency, contractor, and other specified parties that relates to the use of bond proceeds and would be required, by April 30 of each year, to prepare an audit plan for the following fiscal year. The bill would require an entity that is to be audited, prior to contracting with the Controller for an audit, to determine that it is able to pay the estimated cost of conducting the audit from the proceeds of bonds for administrative purposes for that project. The bill would prohibit the Controller from conducting the audit if those proceeds are not available.
Died on file.
In Senate. To unfinished business. (Veto)
Vetoed by Governor.
Enrolled. To Governor at 11:45 a.m.
Senate concurs in Assembly amendments. (Ayes 35. Noes 0. Page 4883.) To enrollment.
In Senate. To unfinished business.
Read third time. Passed. (Ayes 77. Noes 0. Page 6359.) To Senate.
Read second time. To third reading.
(Heard in committee on August 12.)
From committee: Do pass. (Ayes 17. Noes 0.)
Set, first hearing. Referred to APPR. suspense file.
From committee with author's amendments. Read second time. Amended. Re-referred to Com. on APPR.
From committee: Do pass, but first be re-referred to Com. on APPR. (Ayes 11. Noes 0.) Re-referred to Com. on APPR.
(Heard in committee on June 15.)
To Com. on B. & P.
Read third time. Passed. (Ayes 37. Noes 0. Page 2727.) To Assembly.
In Assembly. Read first time. Held at Desk.
Read second time. To third reading.
From committee: Do pass. (Ayes 8. Noes 1. Page 2694.)
(Suspense - for vote only.)
Set for hearing January 21.
From committee with author's amendments. Read second time. Amended. Re-referred to Com. on APPR.
From committee with author's amendments. Read second time. Amended. Re-referred to Com. on APPR.
Set, first hearing. Held in committee and under submission.
(Suspense - for vote only.)
Set for hearing May 28.
Placed on APPR suspense file.
Set for hearing May 11.
From committee: Do pass, but first be re-referred to Com. on APPR. (Ayes 8. Noes 4. Page 681.) Re-referred to Com. on APPR.
From committee with author's amendments. Read second time. Amended. Re-referred to Com. on G.O.
Set for hearing April 28.
To Com. on G.O.
From print. May be acted upon on or after March 28.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB503 | HTML |
| 02/26/09 - Introduced | |
| 04/20/09 - Amended Senate | |
| 06/01/09 - Amended Senate | |
| 01/12/10 - Amended Senate | |
| 06/23/10 - Amended Assembly | |
| 08/27/10 - Enrolled |
| Document | Format |
|---|---|
| No related documents. |
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