Bill Text: CA AB1583 | 2013-2014 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Controller: state funds: reporting.

Spectrum: Bipartisan Bill

Status: (Passed) 2014-08-21 - Chaptered by Secretary of State - Chapter 230, Statutes of 2014. [AB1583 Detail]

Download: California-2013-AB1583-Amended.html

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BILL NUMBER: AB 1583	AMENDED
	BILL TEXT

	AMENDED IN ASSEMBLY  APRIL 3, 2014

INTRODUCED BY   Assembly Member Allen
    (   Principal coauthor:   Assembly Member
  Gray  ) 
    (   Coauthors:   Senators   Gaines
  and Huff   ) 

                        FEBRUARY 3, 2014

   An act to add Section 12462.5 to the Government Code, relating to
state government.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1583, as amended, Allen. Controller: outside accounts: annual
report.
   Existing law requires the Controller to submit specified fiscal
reports, including, among others, an annual report to the Governor
relating to the state's revenues and expenditures during the
preceding fiscal year and a quarterly report to the Legislature on
the General Fund that compares state revenues and expenditures for
that quarter with the Budget Act, and other expenditures authorized
pursuant to statute.
   This bill would require the Controller to prepare and submit to
the Legislature and the Department of Finance an annual report on
bank accounts and savings and loan association accounts outside the
treasury system, as specified.
   Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 12462.5 is added to the Government Code, to
read:
   12462.5.  (a) The Controller shall prepare and submit to the
Legislature and the Department of Finance an annual report on bank
accounts and savings and loan association accounts outside the
treasury system. The report shall include all of the following for
each account:
   (1) The name of the account.
   (2) The source of authorization for establishing the account.
   (3) The account balance.
   (4) Cost recovery revenues deposited into the account. 
   (5) Purchases and expenditures paid from the account and the
source of authorization for each purchase or expenditure. 
   (b) For purposes of this section, "cost recovery revenues" shall
include any money received as a result of cost recovery efforts.
   (c) The report to the Legislature shall be submitted pursuant to
Section 9795.