DIVISION 8. Downtown Revitalization and Economic Recovery Financing Districts 62450-62464›CHAPTER 1. General Provisions 62540›ARTICLE 3. Bonds 62580-62586
§ 62584
California Government Code · 2026-09 edition · updated 2026-09-27 · California
(a) Every two years after the issuance of bonds pursuant to this section, the authority shall contract for an independent financial and performance audit. The audit shall be conducted according to guidelines established by the Controller. A copy of the completed audit shall be provided to the Controller, the Director of Finance, and the Joint Legislative Budget Committee.
(b) Upon the request of the Governor or the Legislature, the Bureau of State Audits may conduct a financial and performance audit of the authority. The results of any audit shall be provided to the authority board, the Controller, the Director of Finance, and the Joint Legislative Budget Committee.
(Added by Stats. 2024, Ch. 767, Sec. 1. (SB 440) Effective January 1, 2025.)
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