Bond Spending: Expanding and Enhancing Oversight

Report #197, June 2009

OVERVIEW

In this report, the Commission calls on the state to enhance oversight of public investments.

During its review, the Commission found that California voters approve bond measure after bond measure, yet not enough is being done to ensure effective fund management and allocation.

The Commission recommends for more transparency in bond spending, expanding oversight by the Legislature and independent auditors, and tasking the California Water Commission with oversight of resourcerelated bonds. The Commission also recommends for more clarity for voters on bond measures and bolstering local bond oversight committees.