State Controller's Office: reimbursement for expenses.

Existing law establishes the State Controller's Office and requires the Controller to, among other duties, account for scheduled expenditures and report monthly on revenue and each department's expenditures. Existing law provides for the means by which the Controller is reimbursed for actual expenses incurred in the administering or review of certain loans, assuring state general obligation bond compliance, and other related and necessary services. This bill would require each state agency to reimburse the Controller for any costs associated with the accounting of expenditures related to revenue bonds, as specified. The bill would require the Controller to invoice the state agency, as specified, and require the state agency to pay the invoice unless disputed.