CA SB1126

Requires school districts, county superintendents of schools, and local agencies (cities, counties, special districts) to post annual audit reports and financial statements on their websites within 30 days of receipt or approval

Mandates that posted financial documents remain accessible to the public without passwords or fees for at least three years

Imposes a $1,000 civil penalty for each audit report or financial statement not posted within the required timeframe, with a 10-business-day cure period after written notice before penalties are assessed

Creates the Local Agency Transparency Fund in the State Treasury to collect penalties, with funds available for the Controller's administrative enforcement costs

Applies to all cities including charter cities, with the Legislature declaring fiscal integrity of local agencies a matter of statewide concern