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CA SB118
Bill
AI Summary
- Requires each state agency to reimburse the State Controller for costs associated with accounting expenditures related to revenue bonds
- Controller must invoice the issuing state agency for incurred costs, and the agency must pay unless the invoice is disputed
- Applies to accounting services performed by the Controller until the bonds are redeemed
- Excludes costs already covered by bond issuance costs or annual administrative pro rata assessments collected from departments
- Effective upon approval by the Governor on September 23, 2012
Legislative Description
State Controller's Office: reimbursement for expenses.
Last Action
Chaptered by Secretary of State. Chapter 488, Statutes of 2012.
9/23/2012
Committee Referrals
Appropriations1/10/2012
Governmental Organization1/5/2012
Rules1/4/2012
Appropriations4/27/2011
Governmental Organization2/10/2011
Rules1/20/2011
Full Bill Text
No bill text available