Loading chat...
CA AB1690
Bill
Status
2/15/2012
Primary Sponsor
Brian Nestande
Click for details
AI Summary
-
Requires the Governor or Department of Finance to submit a list of the state's key liabilities relating to debt, infrastructure, retirement, and other obligations affecting financial health at the time the Governor's Budget is submitted to the Legislature.
-
Prohibits estimated revenues in the budget from including revenues generated from laws, programs, or executive actions not yet in effect or implemented at the time of budget submission.
-
Requires the Governor's Budget to include a section specifying the percentages and amounts of General Fund revenues that must be set aside to pay off key liabilities.
-
Requires submission of lists detailing General Fund loans (including balances and repayment dates) and General Fund obligations for deferred or suspended expenditures or transfers to special funds.
Legislative Description
State Budget: key liabilities.
Last Action
Joint Rule 62(a), file notice suspended. (Page 4666.)
5/3/2012