AB-905
Budget & Economy

State general obligation bonds: disclosure requirements.

Introduced
CA
2025-2026 Regular Session
0
0
Track

Key Takeaways

  • Requires new voter-approved state bonds to include specific goals and performance metrics starting January 2026.
  • Mandates state agencies to post detailed bond spending updates and project outcomes on their websites.
  • Establishes annual reporting requirements to track if bond funds achieve their intended purposes.
  • Requires agencies to collect and publish data measuring the effectiveness of bond-funded projects.

Summary

Assembly Member Pacheco's Bond Outcomes and Reporting Act establishes new transparency requirements for California state general obligation bonds, mandating detailed disclosure of objectives and performance metrics for voter-approved measures starting in 2026.

The legislation requires bond acts to specify concrete goals and performance indicators that enable public evaluation of funded projects. Lead state agencies must publish comprehensive information on their websites, including program overviews, expenditure status updates, and accountability criteria. The bill also institutes regular reporting to the Department of Finance, Legislative Analyst, and legislative budget committees on whether bond-funded projects meet their intended purposes and comply with statutory requirements.

These provisions build upon existing annual reporting processes for state bonds approved since 2004. The new requirements aim to document how bond proceeds align with voter-approved objectives through standardized data collection and baseline measurements. State agencies must cooperate in implementing these transparency measures, with reports posted publicly online to facilitate access to information about infrastructure investments funded through general obligation bonds.

Key Dates

Next Step
Referred to the Assembly Standing Committee on Governmental Organization
Next Step
Assembly Committee
Referred to the Assembly Standing Committee on Governmental Organization
Hearing scheduled for , 1021 O Street, Room 1100
Read first time. To print.
Assembly Floor
Read first time. To print.
Read first time. To print.

Contacts

Profile
Mike GipsonD
Assembly Member
Committee Member
Not Contacted
Not Contacted
Profile
Marc BermanD
Assembly Member
Committee Member
Not Contacted
Not Contacted
Profile
Blanca RubioD
Assembly Member
Committee Member
Not Contacted
Not Contacted
Profile
Jesse GabrielD
Assembly Member
Committee Member
Not Contacted
Not Contacted
Profile
James RamosD
Assembly Member
Committee Member
Not Contacted
Not Contacted
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Profile
Mike GipsonD
Assembly Member
Committee Member
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Marc BermanD
Assembly Member
Committee Member
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Blanca RubioD
Assembly Member
Committee Member
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Jesse GabrielD
Assembly Member
Committee Member
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James RamosD
Assembly Member
Committee Member
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Laurie DaviesR
Assembly Member
Committee Member
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Isaac BryanD
Assembly Member
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Mike FongD
Assembly Member
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David AlvarezD
Assembly Member
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Tina McKinnorD
Assembly Member
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Diane DixonR
Assembly Member
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Juan CarrilloD
Assembly Member
Committee Member
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Blanca PachecoD
Assembly Member
Bill Author
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Kate SanchezR
Assembly Member
Committee Member
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Esmeralda SoriaD
Assembly Member
Committee Member
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Stephanie NguyenD
Assembly Member
Committee Member
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Tri TaR
Assembly Member
Committee Member
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Avelino ValenciaD
Assembly Member
Committee Member
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Greg WallisR
Assembly Member
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Alexandra MacedoR
Assembly Member
Committee Member
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Michelle RodriguezD
Assembly Member
Committee Member
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Jose SolacheD
Assembly Member
Committee Member

Get Involved

Act Now!

Email the authors or create an email template to send to all relevant legislators.

Introduced By

Blanca Pacheco
Blanca PachecoD
California State Assembly Member
10% progression
Bill has been formally introduced and read for the first time in its house of origin (2/19/2025)

Key Takeaways

  • Requires new voter-approved state bonds to include specific goals and performance metrics starting January 2026.
  • Mandates state agencies to post detailed bond spending updates and project outcomes on their websites.
  • Establishes annual reporting requirements to track if bond funds achieve their intended purposes.
  • Requires agencies to collect and publish data measuring the effectiveness of bond-funded projects.

Get Involved

Act Now!

Email the authors or create an email template to send to all relevant legislators.

Introduced By

Blanca Pacheco
Blanca PachecoD
California State Assembly Member

Summary

Assembly Member Pacheco's Bond Outcomes and Reporting Act establishes new transparency requirements for California state general obligation bonds, mandating detailed disclosure of objectives and performance metrics for voter-approved measures starting in 2026.

The legislation requires bond acts to specify concrete goals and performance indicators that enable public evaluation of funded projects. Lead state agencies must publish comprehensive information on their websites, including program overviews, expenditure status updates, and accountability criteria. The bill also institutes regular reporting to the Department of Finance, Legislative Analyst, and legislative budget committees on whether bond-funded projects meet their intended purposes and comply with statutory requirements.

These provisions build upon existing annual reporting processes for state bonds approved since 2004. The new requirements aim to document how bond proceeds align with voter-approved objectives through standardized data collection and baseline measurements. State agencies must cooperate in implementing these transparency measures, with reports posted publicly online to facilitate access to information about infrastructure investments funded through general obligation bonds.

10% progression
Bill has been formally introduced and read for the first time in its house of origin (2/19/2025)

Key Dates

Next Step
Referred to the Assembly Standing Committee on Governmental Organization
Next Step
Assembly Committee
Referred to the Assembly Standing Committee on Governmental Organization
Hearing scheduled for , 1021 O Street, Room 1100
Read first time. To print.
Assembly Floor
Read first time. To print.
Read first time. To print.

Contacts

Profile
Mike GipsonD
Assembly Member
Committee Member
Not Contacted
Not Contacted
Profile
Marc BermanD
Assembly Member
Committee Member
Not Contacted
Not Contacted
Profile
Blanca RubioD
Assembly Member
Committee Member
Not Contacted
Not Contacted
Profile
Jesse GabrielD
Assembly Member
Committee Member
Not Contacted
Not Contacted
Profile
James RamosD
Assembly Member
Committee Member
Not Contacted
Not Contacted
0 of 22 row(s) selected.
Page 1 of 5
Select All Legislators
Profile
Mike GipsonD
Assembly Member
Committee Member
Profile
Marc BermanD
Assembly Member
Committee Member
Profile
Blanca RubioD
Assembly Member
Committee Member
Profile
Jesse GabrielD
Assembly Member
Committee Member
Profile
James RamosD
Assembly Member
Committee Member
Profile
Laurie DaviesR
Assembly Member
Committee Member
Profile
Isaac BryanD
Assembly Member
Committee Member
Profile
Mike FongD
Assembly Member
Committee Member
Profile
David AlvarezD
Assembly Member
Committee Member
Profile
Tina McKinnorD
Assembly Member
Committee Member
Profile
Diane DixonR
Assembly Member
Committee Member
Profile
Juan CarrilloD
Assembly Member
Committee Member
Profile
Blanca PachecoD
Assembly Member
Bill Author
Profile
Kate SanchezR
Assembly Member
Committee Member
Profile
Esmeralda SoriaD
Assembly Member
Committee Member
Profile
Stephanie NguyenD
Assembly Member
Committee Member
Profile
Tri TaR
Assembly Member
Committee Member
Profile
Avelino ValenciaD
Assembly Member
Committee Member
Profile
Greg WallisR
Assembly Member
Committee Member
Profile
Alexandra MacedoR
Assembly Member
Committee Member
Profile
Michelle RodriguezD
Assembly Member
Committee Member
Profile
Jose SolacheD
Assembly Member
Committee Member