California Government Code

§ 100038

GOV § 100038 Effective Jun 29, 2020Title 21

Statute text

(a)Notwithstanding Section 10231.5, the board shall submit an annual audited financial report, prepared in accordance with generally accepted accounting principles, on the operations of the trust by August 1 to the Governor, the Controller, the State Auditor, and the Legislature, pursuant to Section 9795. The annual audit shall be made by an independent certified public accountant and shall include, but not be limited to, direct and indirect costs attributable to the use of outside consultants, independent contractors, and any other persons who are not state employees.

(b)The annual audit shall be supplemented by the following information prepared by the board:

(1)Any studies or evaluations prepared in the preceding year.

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Legislative history

Amended by Stats. 2020, Ch. 21, Sec. 13. (AB 102) Effective June 29, 2020.