BILL NUMBER: SB 118	AMENDED
	BILL TEXT

	AMENDED IN ASSEMBLY  AUGUST 6, 2012
	AMENDED IN ASSEMBLY  APRIL 26, 2012
	AMENDED IN SENATE  JANUARY 12, 2012
	AMENDED IN SENATE  JANUARY 4, 2012
	AMENDED IN SENATE  APRIL 28, 2011

INTRODUCED BY   Senator Yee

                        JANUARY 20, 2011

   An act to add Section 12427 to the Government Code, relating to
state government.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 118, as amended, Yee. State Controller's Office: reimbursement
for expenses.
   Existing law establishes the State Controller's Office and
requires the Controller to, among other duties, account for scheduled
expenditures and report monthly on revenue and each department's
expenditures. Existing law provides for the means by which the
Controller is reimbursed for actual expenses incurred in the
administering or review of certain loans, assuring state general
obligation bond compliance, and other related and necessary services.

   This bill would require each state agency to reimburse the
Controller for  the   any  costs associated
with the accounting of expenditures related to revenue bonds, as
specified. The bill would require the Controller to invoice the state
agency, as specified, and require the state agency to pay the
 undisputed  invoice  unless disputed  .
   Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.


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

  SECTION 1.  Section 12427 is added to the Government Code, to read:

   12427.  Each state agency shall reimburse the Controller for the
costs associated with  the   any 
accounting of expenditures incurred in connection with any revenue
bonds, not otherwise covered by the cost of issuance  or the
administrative pro rata assessment collected annually from each
department  , by or on behalf of such agency as well as any
other accounting services  necessitated  
performed  by the Controller until such time as the bonds are
redeemed. The Controller shall invoice the state agency issuing the
bonds for the costs incurred and the state agency shall pay the
 undisputed invoice   invoice unless disputed
 .
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