Bill > AB905

This bill introduces new transparency requirements for state general obligation bonds approved by voters on or after January 1, 2026. The legislation mandates that public bodies and state agencies must develop and publicly disclose detailed information about bond expenditures within 90 days of voter approval, including specific goals, performance indicators, and data collection requirements. Public bodies must create comprehensive online notifications that provide an overview of authorized programs and projects, explain accountability criteria, and offer detailed information about bond usage. Additionally, these agencies must submit annual written reports to key government entities like the Department of Finance and Legislative Analyst, which will assess whether bond-funded projects have been completed efficiently, achieved their intended purposes, and complied with statutory requirements. The bill aims to increase transparency and public trust by ensuring voters can easily track how bond funds are being used and whether they are meeting established objectives. By requiring clear performance metrics and regular reporting, the legislation seeks to enhance accountability in public infrastructure investments and provide Californians with readily accessible information about how bond proceeds are being spent.

Budget and Finance, Government Affairs

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB905