BILL ANALYSIS Ó
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|SENATE RULES COMMITTEE | AB 1666|
|Office of Senate Floor Analyses | |
|(916) 651-1520 Fax: (916) | |
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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)
AB 1666
Page 4
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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