AB 905
State general obligation bonds: disclosure requirements.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Appropriations
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Sign in to take action- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill, the Bond Outcomes and Transparency Reporting Act, requires greater disclosure and accountability when California uses general obligation bonds for state projects. Specifically, it mandates that bond acts include clear objectives, performance indicators, and data collection requirements. Public bodies must also post detailed information about bond use on their websites and submit regular reports to the Department of Finance, Legislative Analyst, and legislative committees, ensuring projects align with voter-approved goals and are implemented efficiently.
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