Bill Text: CA SB118 | 2011-2012 | Regular Session | Chaptered

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Bill Title: State Controller's Office: reimbursement for expenses.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2012-09-23 - Chaptered by Secretary of State. Chapter 488, Statutes of 2012. [SB118 Detail]

Download: California-2011-SB118-Chaptered.html

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BILL NUMBER: SB 118	CHAPTERED
	BILL TEXT

	CHAPTER  488
	FILED WITH SECRETARY OF STATE  SEPTEMBER 23, 2012
	APPROVED BY GOVERNOR  SEPTEMBER 23, 2012
	PASSED THE SENATE  AUGUST 21, 2012
	PASSED THE ASSEMBLY  AUGUST 16, 2012
	AMENDED IN ASSEMBLY  AUGUST 6, 2012
	AMENDED IN ASSEMBLY  APRIL 26, 2012
	AMENDED IN SENATE  JANUARY 12, 2012
	AMENDED IN SENATE  JANUARY 4, 2012
	AMENDED IN SENATE  APRIL 28, 2011

INTRODUCED BY   Senator Yee

                        JANUARY 20, 2011

   An act to add Section 12427 to the Government Code, relating to
state government.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 118, Yee. State Controller's Office: reimbursement for
expenses.
   Existing law establishes the State Controller's Office and
requires the Controller to, among other duties, account for scheduled
expenditures and report monthly on revenue and each department's
expenditures. Existing law provides for the means by which the
Controller is reimbursed for actual expenses incurred in the
administering or review of certain loans, assuring state general
obligation bond compliance, and other related and necessary services.

   This bill would require each state agency to reimburse the
Controller for any costs associated with the accounting of
expenditures related to revenue bonds, as specified. The bill would
require the Controller to invoice the state agency, as specified, and
require the state agency to pay the invoice unless disputed.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 12427 is added to the Government Code, to read:

   12427.  Each state agency shall reimburse the Controller for the
costs associated with any accounting of expenditures incurred in
connection with any revenue bonds, not otherwise covered by the cost
of issuance or the administrative pro rata assessment collected
annually from each department, by or on behalf of such agency as well
as any other accounting services performed by the Controller until
such time as the bonds are redeemed. The Controller shall invoice the
state agency issuing the bonds for the costs incurred and the state
agency shall pay the invoice unless disputed.