Bond Oversight Done Right – – --------- = - - Issue 34 • May 31, 2022
Editor: Linda Ruiz-Lozito • info.caboc@gmail.com
CABOC Advisor Recruitment

The Challenge
-- The passage of the Proposition 39 school bond measure lowered the voting threshold from 2/3 to 55%, but mandated that all Proposition 39 bond programs must be subject to independent citizen oversight. In theory that requirement seems sound, but practical experience has shown that such oversight is often less than fully effective.
-- This problem was documented in the February 2017 California Little Hoover Commission report and several county grand jury reports. The main issue is inadequate training of newly formed citizen bond oversight committee (CBOC) members. Such training is typically provided by bond counsel, whose primary responsibility is to bond investors, rather than taxpayers.

CABOC Advisor Description
-- Advisors may be subject matter experts who can assist and support the mission of CABOC. Many Advisors have served on or are now serving on Citizens' Bond Oversight Committees and/or have expertise in training, school governance, school construction, bonds, or auditing.
-- There are no meeting requirements for advisors. Advisors will be requested to provide advice from time to time on various training courses, programs, websites, newsletters, proposed legislation, and publications.
-- Advisors are encouraged to participate in the work of Board Standing Committees and may also serve as the CABOC liaison to assigned CBOCs.
-- Advisors are CABOC voting members, including the right to vote on the election of directors and other governance matters. 

CABOC Advisor Recruitment
CABOC is recruiting volunteers who will enjoy a unique opportunity to help shape and launch this critical venture as founding advisors. 

Will you join us in this effort? Email: info.caboc@gmail.com
Saturday, June 11th, 10:00 am
CABOC Board of Directors Meeting
Agenda Action Items include:
• Legislative Proposal 2023
• Second Annual Virtual Conference Planning Oct. 15, 2022
• Scope of Annual Performance Audits

Zoom meeting ID 814 8749 1207, passcode 293000. For calling in 1.669.900.6833
• • • SAVE THE DATE • • •
Second Annual CABOC Virtual Statewide Conference
October 15, 2022 • Saturday • 10am - 1pm
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CABOC | California Association of Bond Oversight Committees | E-mail | BondOversight.org