Bill > SB879

This bill, titled the "Budget Act of 2026," makes appropriations for the support of the State of California for the 2026-27 fiscal year, aligning with Article IV, Section 12 of the California Constitution. It establishes a standardized coding scheme for financial transactions across state fiscal systems, including the Governor's Budget, the Controller's legacy systems, and the Financial Information System for California (FI$Cal), to ensure compatibility and facilitate the appropriation of federal funds. The bill also allows the Department of Finance to authorize technical revisions to these codes and structures to maintain system compatibility and to make technical changes or corrections in FI$Cal or the Controller's legacy systems resulting from the conversion or implementation of FI$Cal. Appropriations for capital outlay projects have specific liquidation periods, with studies, preliminary plans, and working drawings available until June 30, 2027, and all other capital outlay appropriations available until June 30, 2029. The bill takes effect immediately as a budget bill.

Budget and Finance

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB879