CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Senate Bill No. 742Introduced by Senator MoorlachFebruary 17, 2017 An act to amend Section 41002 of the Government Code, relating to local government. LEGISLATIVE COUNSEL'S DIGESTSB 742, as introduced, Moorlach. City treasurers.Existing law requires the city treasurer to comply with all laws governing the deposit and securing of public funds and the handling of trust funds in his or her possession.This bill would require the city treasurer, if the city has issued bonds, to use a system of accounting and auditing that adheres to generally accepted accounting principles. This bill would also make nonsubstantive changes to this provision.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 41002 of the Government Code is amended to read:41002. He (a) The city treasurer shall comply with all laws governing the deposit and securing of public funds and the handling of trust funds in his or her possession.(b) If the city has issued bonds, the city treasurer shall use a system of accounting and auditing that adheres to generally accepted accounting principles.
CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Senate Bill No. 742Introduced by Senator MoorlachFebruary 17, 2017 An act to amend Section 41002 of the Government Code, relating to local government. LEGISLATIVE COUNSEL'S DIGESTSB 742, as introduced, Moorlach. City treasurers.Existing law requires the city treasurer to comply with all laws governing the deposit and securing of public funds and the handling of trust funds in his or her possession.This bill would require the city treasurer, if the city has issued bonds, to use a system of accounting and auditing that adheres to generally accepted accounting principles. This bill would also make nonsubstantive changes to this provision.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION
Senate Bill No. 742
Introduced by Senator MoorlachFebruary 17, 2017
Introduced by Senator Moorlach
February 17, 2017
An act to amend Section 41002 of the Government Code, relating to local government.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
SB 742, as introduced, Moorlach. City treasurers.
Existing law requires the city treasurer to comply with all laws governing the deposit and securing of public funds and the handling of trust funds in his or her possession.This bill would require the city treasurer, if the city has issued bonds, to use a system of accounting and auditing that adheres to generally accepted accounting principles. This bill would also make nonsubstantive changes to this provision.
Existing law requires the city treasurer to comply with all laws governing the deposit and securing of public funds and the handling of trust funds in his or her possession.
This bill would require the city treasurer, if the city has issued bonds, to use a system of accounting and auditing that adheres to generally accepted accounting principles. This bill would also make nonsubstantive changes to this provision.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 41002 of the Government Code is amended to read:41002. He (a) The city treasurer shall comply with all laws governing the deposit and securing of public funds and the handling of trust funds in his or her possession.(b) If the city has issued bonds, the city treasurer shall use a system of accounting and auditing that adheres to generally accepted accounting principles.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 41002 of the Government Code is amended to read:41002. He (a) The city treasurer shall comply with all laws governing the deposit and securing of public funds and the handling of trust funds in his or her possession.(b) If the city has issued bonds, the city treasurer shall use a system of accounting and auditing that adheres to generally accepted accounting principles.
SECTION 1. Section 41002 of the Government Code is amended to read:
### SECTION 1.
41002. He (a) The city treasurer shall comply with all laws governing the deposit and securing of public funds and the handling of trust funds in his or her possession.(b) If the city has issued bonds, the city treasurer shall use a system of accounting and auditing that adheres to generally accepted accounting principles.
41002. He (a) The city treasurer shall comply with all laws governing the deposit and securing of public funds and the handling of trust funds in his or her possession.(b) If the city has issued bonds, the city treasurer shall use a system of accounting and auditing that adheres to generally accepted accounting principles.
41002. He (a) The city treasurer shall comply with all laws governing the deposit and securing of public funds and the handling of trust funds in his or her possession.(b) If the city has issued bonds, the city treasurer shall use a system of accounting and auditing that adheres to generally accepted accounting principles.
41002. He (a) The city treasurer shall comply with all laws governing the deposit and securing of public funds and the handling of trust funds in his or her possession.
(b) If the city has issued bonds, the city treasurer shall use a system of accounting and auditing that adheres to generally accepted accounting principles.