Report 2011-118/2011-613 Recommendation 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 for Legislative Action
To ensure that all issuers of conduit revenue bonds make their activities sufficiently transparent to the public, the Legislature should consider amending state law to provide deadlines for issuers to post the information SB 99 requires on their Web sites and to specify how long issuers must keep this information posted.
Description of Legislative Action
Legislation has not been introduced to address this recommendation.
- Legislative Action Current As-of: January 2016
California State Auditor's Assessment of Annual Follow-Up Status: No Action Taken
Description of Legislative Action
N/A
- Legislative Action Current As-of: February 2014