i.5.2.3 Conduit Issuer Reporting

Conduit financing providers, defined as public agencies that are authorized to issue conduit revenue bonds, must disclose certain information related to their affairs (Government Code 5870). They must make available agendas and notices of meetings, minutes of meetings, staff and audit reports, and annual financial transaction reports on a website. In any audit of the provider’s financial records required by law, the audit must include, for the period considered, a review of fees imposed, disclosure of expenditures related to those fees, disclosure of the amount of bonds issued, and a disclosure of the amount of bonds authorized but unissued, among other things.