AB 1754 — State general obligation bonds: requirements.

Summary

Existing law, the State General Obligation Bond Law, generally sets forth the procedures for the issuance and sale of bonds governed by its provisions and for the disbursal of the proceeds of the sale of those bonds. Existing law specifies various provisions required for inclusion in a bond act. Existing law requires any state bond measure approved on or after January 1, 2004, to be subject to an annual reporting process, with the head of the lead state agency administering the bond proceeds reporting certain information about the projects being funded to the Legislature and the Department of Finance. Existing law permits this information to be provided on the agency's internet website or the state's open data portal under certain circumstances. Existing law authorizes the costs of the report to be included in the cost of administering the bond act unless prohibited by the bond act. Existing law defines various terms for these purposes, including "board." Existing law defines "board" to mean the state board, department, or agency authorized by a bond act to request the committee to cause bonds to be issued for the purpose of creating a fund that is to be expended by the board for the purposes specified in the bond act. Existing law, the Administrative Procedure Act, sets forth the requirements for the adoption, publication, review, and implementation of regulations by state agencies. For any state general obligation bond measure that is approved by voters on and after January 1, 2027, this bill would require a bond act to include specified information about the objectives of the bond expenditure and related data. The bill would also require the board to post on its internet website a notification that contains, among other information, details about the programs and projects authorized to be funded by the bond. The bill would require the board to provide a short, one page, executive summary style written report to the Department of Finance, the Legislative Analyst, and specified legislative committees that contains certain information regarding the general obligation bond, in accordance with the above-described provision permitting this information to be provided on the board's internet website or the state's online data portal. The bill would require the report to include, among other information, whether the project, grant, or other expenditure of bond proceeds has been done in a timely manner. The bill would require a bond act to include a provision requiring the cost of the report to be included in the cost of administering the bond act and would require the cost of compliance with the above-described report requirements be included in the cost of administering the bond act. The bill would exempt from the requirements of the Administrative Procedure Act the development and adoption of program guidelines, recommendations, or criteria pursuant to the bill. The bill would also make nonsubstantive and conforming changes.

Bill Text

• Amended 06/15/26 - Amended Senate Current pdf June 15, 2026
• Amended 05/18/26 - Amended Assembly pdf May 18, 2026
• Introduced 02/09/26 - Introduced pdf February 09, 2026
• AB1754 View text html

Action History

1. August 13, 2026

   In committee: Held under submission.

2. August 03, 2026

   In committee: Referred to APPR. suspense file.

3. June 23, 2026

   From committee: Do pass and re-refer to Com. on APPR. (Ayes 14. Noes 0.) (June 23). Re-referred to Com. on APPR.

4. June 15, 2026

   From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on G.O.

5. June 03, 2026

   Referred to Com. on G.O.

6. May 27, 2026

   In Senate. Read first time. To Com. on RLS. for assignment.

7. May 26, 2026

   Read third time. Passed. Ordered to the Senate. (Ayes 73. Noes 0.)

8. May 19, 2026

   Read second time. Ordered to third reading.

9. May 18, 2026

   Read second time and amended. Ordered returned to second reading.

10. May 14, 2026

    From committee: Amend, and do pass as amended. (Ayes 11. Noes 1.) (May 14).

11. April 15, 2026

    In committee: Set, first hearing. Referred to APPR. suspense file.

12. March 19, 2026

    From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 18. Noes 0.) (March 18). Re-referred to Com. on APPR.

13. February 23, 2026

    Referred to Com. on G.O.

14. February 10, 2026

    From printer. May be heard in committee March 12.

15. February 09, 2026

    Read first time. To print.

Sponsors

• Blanca Pacheco · Primary
• Travis Allen · Cosponsor

Votes

Subjects