Loading chat...

CA SB1473

Bill

Official Source

Status

Passed

9/24/2010

Primary Sponsor

Mark Wyland

Click for details

Origin

Senate

2009-2010 Session

AI Summary

  • Requires annual independent financial and performance audits of school bond proceeds to be conducted in accordance with Government Auditing Standards issued by the Comptroller General of the United States
  • Applies to school districts, community college districts, and county offices of education that issue bonds for construction, reconstruction, rehabilitation, or replacement of school facilities
  • Implements constitutional accountability requirements for school facility bonds approved by 55% of voters
  • Ensures bond funds are expended only on specific projects listed in the proposition authorizing the bond sale
  • Adds Section 15286 to the California Education Code

Legislative Description

School facilities bond proceeds: performance audits.

Last Action

Chaptered by Secretary of State. Chapter 294, Statutes of 2010.

9/24/2010

Committee Referrals

Education4/5/2010
Rules2/19/2010

Full Bill Text

No bill text available