SECTIONS 53410-53412 - California Statutes

GOVERNMENT CODE

SECTION 53410-53412

53410. On or after January 1, 2001, any local bond measure that is
subject to voter approval that would provide for the sale of bonds by
a local agency shall provide accountability measures that include,
but are not limited to, all of the following:
(a) A statement indicating the specific purposes of the bond.
(b) A requirement that the proceeds be applied only to the
specific purposes identified pursuant to subdivision (a).
(c) The creation of an account into which the proceeds shall be
deposited.
(d) An annual report pursuant to Section 53411.

53411. The chief fiscal officer of the issuing local agency shall
file a report with its governing body no later than January 1, 2002,
and at least once a year thereafter. The annual report shall contain
all of the following:
(a) The amount of funds collected and expended.
(b) The status of any project required or authorized to be funded
as identified in subdivision (a) of Section 53410.

53412. As used in this article:
(a) "Local agency" means any county, city, city and county,
including a charter city or county, or any special district.
(b) "Special district" means an agency of the state, formed
pursuant to general law or a special act, for the performance of
governmental or proprietary functions, with limited geographic
boundaries, including, but not limited to, a school district and a
community college district.
(c) "Bond" means any bonded indebtedness regardless of state law
or charter that requires voter approval, including, but not limited
to, general obligation bonds, revenue bonds, and bonds issued
pursuant to the Mello-Roos Community Facilities Act (Chapter 2.5
(commencing with Section 53311)).