BILL ANALYSIS                                                                                                                                                                                                    �



                                                                  AB 732
                                                                  Page  1

          Date of Hearing:   May 18, 2011

                        ASSEMBLY COMMITTEE ON APPROPRIATIONS
                                Felipe Fuentes, Chair

                    AB 732 (Buchanan) - As Amended:  May 10, 2011 

          Policy Committee:                              ElectionsVote:7-0

          Urgency:     No                   State Mandated Local Program: 
          No     Reimbursable:               

           SUMMARY  

          This bill requires the Attorney General's (AG's) summary 
          prepared in the state voter pamphlet for each state bond measure 
          to include an explanatory table summarizing the Legislative 
          Analyst's Office (LAO's) estimated fiscal impact of the bond 
          measure.

           FISCAL EFFECT  

          Negligible fiscal impact. For every additional page required in 
          the state ballot pamphlet, the cost is $66,000. However, the 
          Secretary of State's (SOS's) office formats the Voter 
          Information Guide in 16-page increments, thus there is often 
          blank space available for additional information. Moreover, 
          additional pages would likely not be necessary solely to include 
          a table in the summary for each bond measure proposed for voter 
          approval.

           COMMENTS  

           1)Purpose  . The author states that AB 732 is an effort to 
            decrease California's future debt obligations by improving 
            voter clarity on bond measures and their future fiscal 
            implications. AB 732 stems from a recommendation from the 
            Little Hoover Commission's 2009 report, Bond Spending: 
            Expanding and Enhancing Oversight.

           2)Related Legislation  . AB 65 (Gatto), which passed the Assembly, 
            requires that the top five contributors of $50,000 or more to 
            each committee supporting or opposing a proposition be listed 
            in the state ballot pamphlet.









                                                                  AB 732
                                                                 Page  2

            AB 1021 (Gordon), also on today's committee agenda, requires 
            that specific language be provided for the title and summary 
            of a state initiative petition and be included in the analysis 
            of a state proposition if the estimated fiscal impact of a 
            proposed initiative or proposition meets specified criteria.

           Analysis Prepared by  :    Chuck Nicol / APPR. / (916) 319-2081