Pursuant to California Senate Bill 1029, state and local issuers are required to submit an Annual Debt Transparency Report (“ADTR”) to the California Debt and Investment Advisory Commission (“CDIAC”) for all bond issues which have submitted a Report of Final Sale on or after January 21, 2017. The purpose of new reporting requirements is to track how bond proceeds are spent over time.
GDC will collect the necessary information relating to bond proceeds from your staff and the trustee to assemble and file ADTRs each year. Further, the staff at GDC has extensive experience working with the CDIAC reporting system and portals to provide easy and efficient disclosure of your bond programs.