AB-1754 • 2026

State general obligation bonds: requirements.

Elections

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Pacheco
Last action: 2026-04-15
Official status: In committee: Set, first hearing. Referred to APPR. suspense file.
Effective date: Not listed

Plain English Breakdown

The last action date provided in the metadata (2026-04-15) indicates that the bill has been referred to committees but does not reflect any further actions or passage through chambers as of this date.

State General Obligation Bonds: New Reporting Requirements

This bill sets new rules for reporting on state general obligation bonds approved by voters after January 1, 2027, requiring more detailed information about bond objectives and project progress to be made public.

What This Bill Does

Requires any state general obligation bond measure approved by voters on or after January 1, 2027, to include specific details about the goals of the bond spending and related data in the bond act.
Necessitates that the head of the lead state agency administering a bond must post on its website information about programs and projects funded by the bond.
Requires each state agency involved with these bonds to submit detailed reports to the Department of Finance, Legislative Analyst, and certain legislative committees.
Includes requirements for reporting whether bond-funded projects are completed in a timely manner.
Specifies that costs related to creating these reports must be included as part of the cost of administering the bond act.

Who It Names or Affects

State agencies responsible for managing general obligation bonds
Voters who approve state general obligation bond measures

Terms To Know

General Obligation Bond: A type of bond where the full faith and credit of a government entity, such as a state or city, is pledged to pay back the loan.
Bond Act: Legislation that authorizes the issuance of bonds for specific projects or purposes.

Limits and Unknowns

The bill does not specify what happens if a state agency fails to comply with these reporting requirements.
It is unclear how much additional cost will be incurred by implementing these new reporting rules.
The bill only applies to bond measures approved after January 1, 2027.

Bill History

2026-04-15 California Legislative Information
In committee: Set, first hearing. Referred to APPR. suspense file.
2026-03-19 California Legislative Information
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 18. Noes 0.) (March 18). Re-referred to Com. on APPR.
2026-02-23 California Legislative Information
Referred to Com. on G.O.
2026-02-10 California Legislative Information
From printer. May be heard in committee March 12.
2026-02-09 California Legislative Information
Read first time. To print.

Official Summary Text

AB 1754, as introduced, Pacheco.
State general obligation bonds: requirements.
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 specifies various provisions required for inclusion in a bond act. 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 permits this information to be provided on the agency’s internet website or the state’s open data portal under certain circumstances. Existing law authorizes the costs of the report to be included in the cost of administering the bond act unless prohibited by the bond act.
For any state general obligation bond measure that is approved by voters on and after January 1, 2027, this bill would require a bond act 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 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 permitting 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. The bill would require a bond act to include a provision requiring the cost of the report to be included in the cost of administering the bond act, and would require the cost of compliance with the above-described report requirements be included in the cost of administering the bond act. The bill would also make non-substantive and conforming changes to certain cross-references.

Current Bill Text

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