California legislation · 2025-2026 Regular Session
California SB1126: Local agencies: financial postings.
Status: Chaptered, August 22, 2026
What the bill says
An act to add Article 10.2 (commencing with Section 53905) to Chapter 4 of Part 1 of Division 2 of Title 5 of the Government Code, relating to local government. local government Local agencies: financial postings. Existing law requires, within 7 months after the close of each fiscal year or within the time prescribed by the Controller, whichever is later, the officer of each local agency, as defined, who has charge of the financial records to furnish to the Controller a report of all the financial transactions of the local agency during the preceding fiscal year, as specified…
From the chaptered text, August 22, 2026:
An act to add Article 10.2 (commencing with Section 53905) to Chapter 4 of Part 1 of Division 2 of Title 5 of the Government Code, relating to local government. local government Local agencies: financial postings. Existing law requires, within 7 months after the close of each fiscal year or within the time prescribed by the Controller, whichever is later, the officer of each local agency, as defined, who has charge of the financial records to furnish to the Controller a report of all the financial transactions of the local agency during the preceding fiscal year, as specified. Existing law requires the report to contain underlying data from audited financial statements prepared in accordance with generally accepted accounting principles, as specified, and to state certain information, including the aggregate income during the preceding fiscal year. Existing law requires the legislative body, upon completion of the report, to either post the report in a conspicuous location on its internet website or to cause copies of the report to be prepared and the clerk of the legislative body to furnish a copy to any person requesting it, as specified. This bill would require a local agency, as defined, that maintains an internet website to post its audited financial statements, or its annual comprehensive financial report, on its internet website within 30 days …
Sponsors
- (R, SD37) · primary sponsor