BILL ANALYSIS                                                                                                                                                                                                    Ó




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          |SENATE RULES COMMITTEE            |                       AB 1666|
          |Office of Senate Floor Analyses   |                              |
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                                      CONSENT 


          Bill No:  AB 1666
          Author:   Brough (R), et al.
          Amended:  5/4/16 in Assembly
          Vote:     21 

           SENATE GOVERNANCE & FIN. COMMITTEE:  7-0, 6/15/16
           AYES:  Hertzberg, Nguyen, Beall, Hernandez, Lara, Moorlach,  
            Pavley

           SENATE APPROPRIATIONS COMMITTEE:  Senate Rule 28.8

           ASSEMBLY FLOOR:  76-0, 5/19/16 (Consent) - See last page for  
            vote

           SUBJECT:   Community facilities districts:  reports


          SOURCE:    Author

          DIGEST:   This bill requires specified information about  
          community facilities districts' activities and finances to be  
          made available on a local agency's Internet Web site.


          ANALYSIS:    Existing law requires local agencies that form  
          community facilities districts (CFDs) to produce reports  
          containing specified information about the districts' finances  
          and activities.


          This bill requires a local agency that has an Internet Web site,  
          within seven months after the last day of each fiscal year of  
          the district, to display prominently on its Internet Web site  
          all of the following information:









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          1)A copy of a CFD's annual report for that fiscal year if  
            requested pursuant to state law.


          2)A copy of the report provided to the California Debt and  
            Investment Advisory Commission (CDIAC), pursuant to existing  
            law, which requires a legislative body to annually report  
            specified bond information.


          3)A copy of the report provided to the State Controller's  
            Office, pursuant to existing law, which requires the  
            Controller to annually publish and post specified information  
            on each locally assessed parcel tax.


          Background


          The Mello-Roos Community Facilities Act of 1982 allows cities,  
          counties, special districts, school districts, joint powers  
          agencies, and redevelopment agencies to finance public  
          facilities, and provide limited services with voter-approved  
          special taxes.  


          In 2000, the Legislature required local agencies to annually  
          report on the specific purpose and status of bonds or special  
          taxes, and required that the agencies spend taxes or bonds on  
          their specified purpose (SB 165, Alarcon, Chapter 535, Statutes  
          of 2000).  State law requires local governments to report  
          specified information about their financial transactions to the  
          Controller annually.  These reports must include information  
          about parcel taxes levied by local governments, including those  
          levied by CFDs (AB 2109, Daly, Chapter 781, Statutes of 2014).   
          CFDs also must report to the State Treasurer's California Debt  
          and Investment and Advisory Commission (CDIAC) each year so that  
          the state can monitor these local bonds. CDIAC requires that  
          CFDs submit information on outstanding bonds, reserve fund  
          balances, capital interest funds, balances of construction  
          funds, and total assessed valuation within the district.  State  








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          law requires CFDs, upon the request of a resident or landowner,  
          to prepare a detailed annual revenue and expenditure report (AB  
          2851, Cogdill, Chapter 960, Statutes of 2002) within 120 days  
          after the end of each fiscal year.  State law specifies  
          information that these annual reports must contain and allows a  
          CFD to charge a fee for the report not to exceed the actual  
          costs of preparing the report. 


          Some taxpayer advocates note that despite the extensive  
          reporting requirements that state law imposes on CFDs, many  
          members of the public find it hard to determine where and how  
          they can obtain the information the reports submitted by CFDs.   
          They want the Legislature to make it easier for the public to  
          access annually updated information about CFDs.




          FISCAL EFFECT:   Appropriation:    No          Fiscal  
          Com.:YesLocal:   Yes


          SUPPORT:   (Verified6/28/16)


          California Association of County Treasurers and Tax Collectors
          California Taxpayers Association
          City of Laguna Niguel Mayor Laurie Davies
          City of Mission Viejo
          City of Rancho Santa Margarita Mayor L. Anthony Beall
          City of San Clemente
          City of San Juan Capistrano
          Howard Jarvis Taxpayers Association
          Orange County Assessor Department
          Orange County Association of Realtors
          Orange County Auditor-Controller Eric Woolery
          Orange County Taxpayers Association
          Talega Residents for Fair Taxation


          OPPOSITION:   (Verified6/28/16)








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          None received
           
           

          ASSEMBLY FLOOR:  76-0, 5/19/16
          AYES:  Achadjian, Alejo, Travis Allen, Arambula, Atkins, Baker,  
            Bigelow, Bloom, Bonilla, Bonta, Brough, Brown, Burke,  
            Calderon, Campos, Chau, Chávez, Chiu, Chu, Cooley, Cooper,  
            Dababneh, Dahle, Daly, Dodd, Eggman, Frazier, Beth Gaines,  
            Gallagher, Cristina Garcia, Eduardo Garcia, Gatto, Gipson,  
            Gomez, Gonzalez, Gordon, Gray, Grove, Hadley, Harper, Roger  
            Hernández, Holden, Irwin, Jones, Jones-Sawyer, Kim, Lackey,  
            Levine, Linder, Lopez, Low, Maienschein, Mayes, Medina,  
            Melendez, Mullin, Nazarian, Obernolte, O'Donnell, Olsen,  
            Patterson, Quirk, Ridley-Thomas, Rodriguez, Salas, Santiago,  
            Steinorth, Mark Stone, Thurmond, Ting, Wagner, Waldron, Weber,  
            Wilk, Wood, Rendon
          NO VOTE RECORDED:  Chang, Mathis, McCarty, Williams


          Prepared by:Brian Weinberger / GOV. & F. / (916) 651-4119
          6/29/16 15:50:37


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