California AB1754 mandates annual reporting on the use of state general obligation bond funds, ensuring transparency and accountability.

California AB1754, known as the Bond Outcomes and Reporting Act, requires annual reporting on the use of state general obligation bond funds. This act mandates that bond acts approved by voters after January 1, 2027, include specific goals, purposes, and objectives for the bond expenditure, along with detailed performance indicators and data collection requirements. The act also requires an annual report to the Legislature and the Department of Finance, detailing the status of bond use by major program category and individual projects.

California AB1754 mandates annual reporting on the use of state general obligation bond funds, ensuring transparency and accountability.

California AB1754, known as the Bond Outcomes and Reporting Act, requires annual reporting on the use of state general obligation bond funds. This act mandates that bond acts approved by voters after January 1, 2027, include specific goals, purposes, and objectives for the bond expenditure, along with detailed performance indicators and data collection requirements. The act also requires an annual report to the Legislature and the Department of Finance, detailing the status of bond use by major program category and individual projects.