Bill Text: CA AB1583 | 2013-2014 | Regular Session | Amended
NOTE: There are more recent revisions of this legislation. Read Latest Draft
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
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
BILL NUMBER: AB 1583 AMENDED BILL TEXT AMENDED IN ASSEMBLY MAY 27, 2014 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 addSection 12462.5Sections 12462.5 and 16341 to the Government Code, relating to state government. LEGISLATIVE COUNSEL'S DIGEST AB 1583, as amended, Allen. Controller: outsideaccounts: annual report.accounts. 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. Except as otherwise provided by law, all money belonging to the state received from any source by any state agency is accounted for to the Controller, and on the order of the Controller, paid into the Treasury and credited to the General Fund, as prescribed. 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. This bill would specifically require a state agency that receives revenues for state costs under a cost recovery statute to deposit those revenues into the State Treasury. 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.(b) For purposes of this section, "cost recovery revenues" shall include any money received as a result of cost recovery efforts.(c)(b) The report to the Legislature shall be submitted pursuant to Section 9795. SEC. 2. Section 16341 is added to the Government Code , to read: 16341. A state agency that receives revenues for state costs under a cost recovery statute shall account for those revenues to the Controller for deposit into the State Treasury, as provided in Section 16301.