BILL NUMBER: AB 1645	AMENDED
	BILL TEXT

	AMENDED IN SENATE  JUNE 21, 2010
	AMENDED IN ASSEMBLY  APRIL 20, 2010

INTRODUCED BY   Assembly Member Nestande
   (Principal coauthor: Assembly Member Arambula)
   (Coauthor: Assembly Member Harkey)

                        JANUARY 12, 2010

   An act to add Section  13305.5   12021.1
 to the Government Code, relating to state fiscal affairs.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1645, as amended, Nestande. General Fund  obligations and
 liabilities: report   Governor's Budget
 .
   Existing law requires the  Director of Finance to provide
various reports to the Legislature regarding specified fiscal matters
  annual budget submitted by the Governor to contain,
among other things, statements of accounts payable and cash 
 flow for the preceding, current, and succeeding fiscal years
 .
   This bill would require the  director, on February 1 of
each year, to submit a written report to the Chairperson of the Joint
Legislative Budget Committee containing   Governor's
annual budget to contain  certain information  and
recommendations  regarding General Fund obligations and
liabilities  and would require the Governor, at the time of the
  May Revision, to submit his or her recommendations for
potential methods of retiring those obligations and liabilities
identified in the budget  .
   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  13305.5   12021.1 
is added to the Government Code, to read: 
   13305.5.  On February 1 of each year, the Director of Finance
shall submit a written report to the Chairperson of the Joint
Legislative Budget Committee containing 
    12021.1.   (a)     The budget
submitted by the Governor to the Legislature within the first 10 days
of each regular session shall contain  all of the following:

   (a) 
    (1)  A list of loans made to the General Fund and a
summary of each loan, including its balance and the due date for
repayment of the loan. 
   (b) 
    (2)  A list of General Fund obligations to pay deferred
or suspended expenditures or to transfer funds to any special fund or
account, and a summary of each obligation, including the amount of
the obligation and the due date for the payment or transfer. 

   (c) 
    (3)  A list and summary of the state's key liabilities
relating to debt, infrastructure, retirement, and the budget, and
other liabilities that will affect the state's financial health in
the future. 
   (d) Recommendations 
    (b)     At the time of the publication of
the May Revision, the Governor shall submit to the Legislature his or
her recommendations  for potential methods of retiring the
liabilities and obligations  listed in the report 
 set forth in subdivision (a)  .