Bill > SB1126

This bill requires governing boards of school districts and county superintendents of schools to post their annual audit reports on their internet websites within 30 days of receiving them, and for local agencies (cities, counties, and special districts) that have websites to post their audited financial statements or annual comprehensive financial reports within 30 days of their approval by the legislative body. These financial documents must be prominently displayed and accessible to the public without a password or fee, and maintained online for at least three years. Failure to comply will result in a civil penalty of $1,000 per violation, assessed by the Superintendent of Public Instruction for school districts and county offices of education, and by the Controller for other local agencies. The bill also establishes a "Local Agency Transparency Fund" to cover the Controller's administrative costs for enforcing these provisions, and clarifies that these requirements are a matter of statewide concern, applying to all cities, including charter cities.

Government Affairs

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB1126