California Government Code

§ 12330

GOV § 12330 Effective Jan 1, 2022Div. 3 · Title 2 · Part 2 · Ch. 4 · Art. 2

Statute text

(a)At the request of either house of the Legislature, or of a committee thereof, the Treasurer shall give written information as to the condition of the State Treasury, or upon a subject relating to the duties of the Treasurer’s office.

(b)The Treasurer annually shall prepare a debt affordability report, to be presented to the Governor and the Legislature by October 1 of each year.

(1)The report is intended to be a framework for the Legislature to evaluate and establish priorities for bills that propose the authorization of additional state debt supported by the General Fund, excluding self-liquidating general obligation debt, during the budget year. The report may also be used to determine the amount to appropriate for debt service for the budget year.

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Legislative history

Amended by Stats. 2021, Ch. 50, Sec. 62. (AB 378) Effective January 1, 2022.