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Welcome to the California League of Bond Oversight Committees (CaLBOC). CaLBOC is an all volunteer, non-partisan association of Citizen Bond Oversight Committee (CBOC) members, current and past, who are interested in helping other CBOC members. CaLBOC was formed in 2006 by CBOC members trying to find better training to help perform their duties. CaLBOC is a 501(c)3 charitable organization.

Friday May 9, 2014 - Sacramento
Third Annual CaLBOC Statewide Conference
Citizen's Oversight: Protecting Integrity and Value

Keynote Speaker: John Chiang, State Controller

• Increasing Use of Long Term Debt to Pay for Short Term Costs
   Jon Coupal, President, Howard Jarvis Taxpayers Association

• CaLBOC Anton Jungherr Award for Service to Citizen Oversight
   Senator Mark Wyland, Vice Chair, Senate Education Committee
   Assembly Member Joan Buchanan, Chair, Assembly Education Committee

• LUNCH, Catered by Plates Catering, an outreach effort of the
   St. John's Shelter for Homeless Women and Children

• Keynote Address: John Chiang, California Controller

• Development and Use of a School Debt Toolbox for COEs
   Mary Barlow, Assistant Superintendent, Kern County Office of Education

• Pay-to-Play: What it is, and Why it is Wrong
   Dan Mierzwa, Treasurer, Yuba County
   Lori Raineri, Principal, Government Financial Strategies Inc.

Limited Seating - Register Now!


News Headlines...

Pay-to-Play | Bond Firm's Hospitality Under Review
State to Probe Dinner for School Officials

April 18, 2014 | By Ashley McGlone | www.utsandiego.com

EXCERPT: ...State ethics regulators have opened an investigation into hundreds of dinners purchased for school officials by Stone & Youngberg, an underwriter that has issued billions of dollars of bonds across California - many approved by recipients of those meals.
    The company has picked up the tab for dinners during conferences for school officials, and the state is checking to see how many meals and other gifts went unreported on mandated conflict-of-interest disclosures.
    U-T Watchdog in 2012 reported on school officials in Poway, who retroactively disclosed accepting $2,200 in Stone & Youngberg meals over five years. The officials were responding to a corruption probe in South County, where officials were being prosecuted for similar failures to disclose meals from vendors and contractors.
    In response to the Watchdog's Poway story, the California Fair Political Practices Commission has launched a statewide probe of Stone & Youngberg's hospitality, to determine whether other school districts made the same omission as Poway.
    "We opened an investigation based on the article you wrote, so we are looking at unreported gifts by Stone & Youngberg to officials," said Gary Winuk, chief of the commission's enforcement division. "The whole purpose of the law is so the public knows which public officials are receiving gifts, so they can decide for themselves how it affects doing their jobs on behalf of the public."
    Stone & Youngberg's managing director and head of public finance, Stephen Heaney, did not respond to calls and emails seeking an interview for this story.
    The pattern of giving by Stone & Youngberg may be similar to that of De La Rosa & Co. investment bankers, which was the subject of another state investigation last year. Investigators found that nearly 200 public officials failed to report De La Rosa gifts, leading to some $24,000 in fines against 97 officials. Others received warning letters.
    The De La Rosa case affected seven public officials in San Diego County. ... ...

To read the complete article please visit:

www.utsandiego.com/news/2014/apr/18/stone-youngberg-fppc-probe-dinners


The next CaLBOC Board of Directors Meeting is May 8th, 2014

May 9, 2014
Third Annual CaLBOC Statewide Conference
Keynote Speaker: John Chiang, California State Controller

Limitied Seating - Register Now!

 

Review masthead


California Education Code
The Brown Act
CA Constitution, Prop 39
CBOC Best Practices
Operation Standards

Searchable Library of:
Articles, Performance Audits, CaLBOC meeting minutes, Bylaws: www.docstoc.com/profile/calboc
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Email: Michael.Day@ calboc.org • ©2014 California League of Bond Oversight Committees