BILL NUMBER: SB 282	CHAPTERED  09/12/01

	CHAPTER  288
	FILED WITH SECRETARY OF STATE  SEPTEMBER 12, 2001
	APPROVED BY GOVERNOR  SEPTEMBER 10, 2001
	PASSED THE SENATE  AUGUST 27, 2001
	PASSED THE ASSEMBLY  JULY 23, 2001
	AMENDED IN ASSEMBLY  JUNE 18, 2001
	AMENDED IN SENATE  APRIL 17, 2001
	AMENDED IN SENATE  MARCH 28, 2001

INTRODUCED BY   Senator Dunn

                        FEBRUARY 16, 2001

   An act to amend Section 12463.1 of the Government Code, relating
to special districts.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 282, Dunn.  Controller:  reports of special districts.
   Existing law provides that whenever, in the opinion of the
Controller and an advisory committee of local governmental officers,
the public welfare demands that reports of the financial transactions
of a district other than a school district be published, the
Controller shall notify the district that reports of its financial
transactions are required to be furnished to the Controller.  The
Controller is required to compile and publish these reports.
   This bill would require the Controller to make available annually,
in a separate report, published in an electronic format on the
Controller's Web site specified information regarding the assets,
liabilities, and equity of the selected special districts.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:


  SECTION 1.  Section 12463.1 of the Government Code is amended to
read:
   12463.1.  (a) The Controller shall appoint an advisory committee
consisting of seven local governmental officers to assist him or her
in developing complete and adequate records.
   (b) Whenever, in the opinion of the advisory committee and the
Controller, the public welfare demands that the reports of the
financial transactions of a district other than a school district be
published, the Controller shall notify the district that reports of
its financial transactions are required to be furnished to him or her
  pursuant to Article 9 (commencing with Section 53890) of Chapter 4
of Part 1 of Division 2 of Title 5.  A public entity, agency, board,
transportation planning agency designated by the Secretary of the
Business, Transportation, and Housing Agency pursuant to Section
29532, or commission provided for by a joint powers agreement
pursuant to Chapter 5 (commencing with Section 6500) of Division 7 of
Title 1, and a nonprofit corporation as defined in subdivision (c),
shall be deemed a district within the meaning of this section. The
Controller shall compile and publish these reports pursuant to
Section 12463.
   (c) The Controller shall make available annually, in a separate
report, published in an electronic format on the Controller's Web
site, certain financial information about selected special districts.
  The information provided in this report shall be published no later
than June 30 following the end of the annual reporting period.  This
report may be included whenever the Controller publishes a report
pursuant to this section.  The Controller shall include in his or her
report information that best illustrates the assets, liabilities,
and equity of selected districts.  Specifically, the Controller shall
include in this report a breakdown of each special district's (1)
fund balance, which shall include the reserved and unreserved funds,
typical for a nonenterprise district; (2) retained earnings, which
shall include the reserved and unreserved funds, typical for
enterprise districts; (3) fixed assets; and (4) cash and investments.
  The Controller may also include separate line items for "total
revenues" and "total expenditures."  This report shall cover the 250
special districts with the largest total revenues for that reporting
period.  When the report is available, the Controller shall notify
the Legislature, in writing, within one week of its publication.
   (d) For purposes of this section, "nonprofit corporation" means
any nonprofit corporation (1) formed in accordance with the
provisions of a joint powers agreement to carry out functions
specified in the agreement; (2) that issued bonds, the interest on
which is exempt from federal income taxes, for the purpose of
purchasing land as a site for, or purchasing or constructing, a
building, stadium, or other facility, that is subject to a lease or
agreement with a local public entity; or (3) wholly owned by a public
agency.