Fact Sheet (pdf)
- John Chiang, California State Treasurer Support Letter (pdf)
- Howard Jarvis Taxpayers Association Support Letter (doc)
- League of California Cities (pdf)
Senate Bill 742 would require cities that issue bonds to comply with Generally Accepted Accounting Principles (GAAP) in their financial reports. The use of GAAP would provide investors and the public with needed transparency in cities’ financial information.