California Government Code

§ 62008

GOV § 62008 Effective Jan 1, 2016Div. 4 · Title 6 · Part 1

Statute text

(a)If an authority fails to provide a copy of the completed audit to the Controller as required by paragraph (2) of subdivision (c) within 20 days following receipt of a written notice of the failure from the Controller, the authority shall forfeit to the state:

(1)Two thousand five hundred dollars ($2,500) in the case of an authority with a total revenue, in the prior year, of less than one hundred thousand dollars ($100,000), as reported in the Controller’s annual financial reports.

(2)Five thousand five hundred dollars ($5,500) in the case of an authority with a total revenue, in the prior year, of at least one hundred thousand dollars ($100,000) but less than two hundred fifty thousand dollars ($250,000), as reported in the Controller’s annual financial reports.

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Legislative history

Added by Stats. 2015, Ch. 319, Sec. 2. (AB 2) Effective January 1, 2016.