California AB905 mandates transparency and accountability for state general obligation bonds approved by voters.

California AB905 requires public bodies issuing general obligation bonds to publicly disclose specific goals, purposes, and objectives for the bond expenditure. The act mandates detailed performance indicators and data collection requirements to measure the bond's effectiveness. Public bodies must submit written reports to the Department of Finance and legislative committees, and post these reports on their websites. The act aims to ensure bond funds are spent efficiently and effectively, providing the public with accessible information on bond use.

California AB905 mandates transparency and accountability for state general obligation bonds approved by voters.

California AB905 requires public bodies issuing general obligation bonds to publicly disclose specific goals, purposes, and objectives for the bond expenditure. The act mandates detailed performance indicators and data collection requirements to measure the bond's effectiveness. Public bodies must submit written reports to the Department of Finance and legislative committees, and post these reports on their websites. The act aims to ensure bond funds are spent efficiently and effectively, providing the public with accessible information on bond use.