Bill Commons

CA AB 905

dead

State general obligation bonds: disclosure requirements.

California · 2025-2026 Regular Session · lower

Quick answers

Did CA AB 905 pass?

No. CA AB 905 did not pass — it was defeated or died in the legislative process (2026-02-02). Latest recorded action (2026-02-02): From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

What is CA AB 905 about?

Existing law, the State General Obligation Bond Law, generally sets forth the procedures for the issuance and sale of bonds governed by its provisions and for the disbursal of the proceeds of the sale of those bonds. Existing law requires any state bond measure approved on or after January 1, 2004, to be subject to an annual reporting process, with the head of the lead state agency administering the bond proceeds reporting certain information about the projects being funded to the Legislature and the Department of Finance. Existing law allows this information to be provided on the agency's internet website or the state's open data portal under certain circumstances. This bill would require a bond act for any state general obligation bond measure that is approved by voters on and after January 1, 2026, to include specified information about the objectives of the bond expenditure and related data. The bill would also require the head of the lead state agency administering the bond to post on its internet website a notification that contains, among other information, details about the programs and projects authorized to be funded by the bond. The bill would further require each state agency subject to these provisions to provide a written report to the Department of Finance, the Legislative Analyst, and specified legislative committees that contains certain information regarding the general obligation bond, in accordance with the above-described provision allowing this information to be provided on the agency's internet website or the state's online data portal. The bill would require the report to include, among other information, whether the project, grant, or other expenditure of bond proceeds has been done in a timely manner.

Who sponsors CA AB 905?

Pacheco is the primary sponsor of CA AB 905.

Description

Existing law, the State General Obligation Bond Law, generally sets forth the procedures for the issuance and sale of bonds governed by its provisions and for the disbursal of the proceeds of the sale of those bonds. Existing law requires any state bond measure approved on or after January 1, 2004, to be subject to an annual reporting process, with the head of the lead state agency administering the bond proceeds reporting certain information about the projects being funded to the Legislature and the Department of Finance. Existing law allows this information to be provided on the agency's internet website or the state's open data portal under certain circumstances. This bill would require a bond act for any state general obligation bond measure that is approved by voters on and after January 1, 2026, to include specified information about the objectives of the bond expenditure and related data. The bill would also require the head of the lead state agency administering the bond to post on its internet website a notification that contains, among other information, details about the programs and projects authorized to be funded by the bond. The bill would further require each state agency subject to these provisions to provide a written report to the Department of Finance, the Legislative Analyst, and specified legislative committees that contains certain information regarding the general obligation bond, in accordance with the above-described provision allowing this information to be provided on the agency's internet website or the state's online data portal. The bill would require the report to include, among other information, whether the project, grant, or other expenditure of bond proceeds has been done in a timely manner.

Introduced
2025-03-28
Latest action
2026-02-02 — From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
Bill type
bill
Last updated
—

Subjects

Sponsors

  • Pachecoauthor

Committees

Not provided by source.

Action timeline

  1. 2025-02-19

    Read first time. To print.

    reading-1

  2. 2025-02-20

    From printer. May be heard in committee March 22.

  3. 2025-03-03

    Referred to Com. on L. GOV.

    referral-committee

  4. 2025-03-28

    From committee chair, with author's amendments: Amend, and re-refer to Com. on L. GOV. Read second time and amended.

    amendment-introduction,amendment-passage,committee-passage,reading-1,reading-2,referral-committee

  5. 2025-04-01

    Re-referred to Com. on L. GOV.

    referral-committee

  6. 2025-04-10

    Re-referred to Com. on G.O. pursuant to Assembly Rule 96.

    referral-committee

  7. 2025-04-24

    From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 22. Noes 0.) (April 23). Re-referred to Com. on APPR.

    committee-passage,committee-passage-favorable,referral-committee

  8. 2025-05-14

    In committee: Set, first hearing. Referred to APPR. suspense file.

    referral-committee

  9. 2025-05-23

    In committee: Held under submission.

  10. 2026-01-31

    Died pursuant to Art. IV, Sec. 10(c) of the Constitution.

    failure

  11. 2026-02-02

    From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

    committee-passage,failure

Versions

Documents

Votes

  • Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar

    2025-04-23 · pass · 22-0

    Member-level votes (22)
    • Ramos: yes
    • Davies: yes
    • Pacheco: yes
    • Blanca Rubio: yes
    • Bryan: yes
    • Berman: yes
    • Valencia: yes
    • Solache: yes
    • Michelle Rodriguez: yes
    • Wallis: yes
    • Alvarez: yes
    • McKinnor: yes
    • Fong: yes
    • Dixon: yes
    • Ta: yes
    • Gabriel: yes
    • Gipson: yes
    • Soria: yes
    • Carrillo: yes
    • Macedo: yes
    • Nguyen: yes
    • Sanchez: yes

Related bills

No related bills recorded for this bill.

Official source

http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260AB905

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T01:34:27.960412Z

Inspect retained evidence for changes recorded after evidence tracking began:

Source and document changesStatus and relationship changes

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