Report 2011-118/2011-613 Recommendation 1 Responses

Report 2011-118/2011-613: Conduit Bond Issuers: Issuers Complied With Key Bond Requirements, but Two Joint Powers Authorities' Compensation Models Raise Conflict-of-Interest Concerns (Release Date: August 2012)

Recommendation #1 To: Fair Political Practices Commission

The FPPC should adopt regulations that clarify whether the analysis in the
McEwen advice letter is intended to apply to the factual circumstances presented in this audit.

60-Day Agency Response

In October 2012 the FPPC informed the California State Treasurer that, pursuant to its McEwen advice letter and other advice letters it has issued in the past, the compensation models of the joint powers authorities included in the audit (California Communities and Municipal Finance) do not violate the political reform act. (See 2013-406, p. 32)

• Response Date: October 2012

California State Auditor's Assessment of 60-Day Status: Fully Implemented

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All Recommendations in 2011-118/2011-613

Agency responses received after June 2013 are posted verbatim.