BILL NUMBER: SB 1068	CHAPTERED  07/24/03

	CHAPTER  126
	FILED WITH SECRETARY OF STATE  JULY 24, 2003
	APPROVED BY GOVERNOR  JULY 23, 2003
	PASSED THE ASSEMBLY  JULY 10, 2003
	PASSED THE SENATE  MAY 12, 2003
	AMENDED IN SENATE  APRIL 21, 2003

INTRODUCED BY   Committee on Local Government (Senators Torlakson
(Chair), Ackerman, Hollingsworth, Machado, Margett, Perata, and Soto)

                        MARCH 3, 2003

   An act to amend Section 12463 of the Government Code, relating to
the Controller.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 1068, Committee on Local Government.  Controller:  annual
report.
   Existing law requires the Controller to annually compile and
publish reports of the financial transactions of each county, city,
and school district within the state, together with other matters he
or she deems of public interest.
   This bill would, effective January 1, 2005, require the
Controller, on or before August 1, September 1, and October 1 of each
year following the end of the annual reporting period to compile and
publish reports of the financial transactions of each county, city,
school district, and special district, as specified, and to make data
collected pursuant to these provisions available upon request to the
Legislature and its agents, on or before April 1 of each year.


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


  SECTION 1.  Section 12463 of the Government Code is amended to
read:
   12463.  (a) The Controller shall compile and publish reports of
the financial transactions of each county, city, and special
district, respectively, within this state, together with any other
matter he or she deems of public interest.  The reports shall include
the appropriations limits and the total annual appropriations
subject to limitation of the counties, cities, and special districts.
  The reports to the Controller shall be made in the time, form, and
manner prescribed by the Controller.
   (b) Effective January 1, 2005, the Controller shall compile and
publish reports of the financial transactions of each county, city,
and special district pursuant to subdivision (a) on or before August
1, September 1, and October 1 respectively, of each year following
the end of the annual reporting period.  The Controller shall make
data collected pursuant to this subdivision available upon request to
the Legislature and its agents, on or before April 1 of each year.
   (c) The Controller shall annually publish reports of the financial
transactions of each school district within this state, together
with any other matter he or she deems of public interest.  The
reports shall include the appropriations limit and the total annual
appropriations subject to limitation of the school district.  The
reports to the Controller shall be made in the time, form, and manner
prescribed by the Controller.
   (d) As used in this section, the following terms have the
following meanings:
   (1) "School district" means a school district as defined in
Section 80 of the Education Code.
   (2) "Special district" means any of the following:
   (A) A special district as defined in Section 95 of the Revenue and
Taxation Code.
   (B) A commission provided for by a joint powers agreement pursuant
to Chapter 5 (commencing with 6500) of Division 7 of Title 1.
   (C) A nonprofit corporation that is any of the following:
   (i) Was formed in accordance with the provisions of a joint powers
agreement to carry out functions specified in the agreement.
   (ii) 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.
   (iii) Is wholly owned by a public agency.