About California Association of Bond Oversight Committees (CABOC)
CABOC was co-founded by Jack Weir and Anton Jungherr in 2019 as a California Public Benefits Corporation, corporation number 4319346. CABOC is exempt from Federal income tax under Internal Revenue Code Section 501(c)(3), identification number 84-3416221. Donors can deduct contributions they make to CABOC under IRS Section 170 to the fullest extent allowed by law.
The specific purpose of this corporation is to provide training, assistance, and encouragement to California School Proposition 39 Citizens’ Bond Oversight Committee Members through development of training materials, delivery of online training, conferences, workshops, formation of regional groups of California Citizens’ Bond Oversight Committees and representing common interest at the statewide level. CABOC is non-partisan.
CABOC engages in issues of public policy regarding Proposition 39 school construction bond oversight including conducting educational meetings, prepare and distribute educational materials, or otherwise consider school bond oversight issues in an educational manner without jeopardizing its tax-exempt status.
The California League of Bond Oversight Committees (CaLBOC) filed a Nonprofit Certificate of Dissolution on January 15, 2021.
With the dissolution of CaLBOC the CABOC is the only statewide nonprofit organization existing to address the recommendations of the Little Hoover Commission.
Our website is www.bondoversight.org.
The Little Hoover Commission is a bipartisan independent California oversight agency to promote economy and efficiency in state and local government. “The Commission fulfills this charge by listening to the public, consulting with the experts, and conferring with the wise. During its investigations, the Commission typically empanels advisory committees, conducts public hearing and visits government operations in action.” The Little Hoover Commission in their Report #236, February 2017 made recommendations in regards School Proposition 39 bonds to the Governor and the Legislature for their consideration. These recommendations will guide the focus and work of CABOC.
We are committed to carrying out the recommendation of the California Little Hoover Commission.
2017 Recommendations for Local Bond Oversight, Little Hoover Commission Report 236
In its update of its 2009 bond oversight study, the Commission heard testimony and recommendations focusing both on improving the bond issuance process and improving local oversight, particularly in bolstering the effectiveness of local Citizens’ Bond Oversight Committees as previously recommended by the Commission. Based on the testimony and written comments received, the Commission expands on and refines its prior recommendations for improving local bond oversight.
California Proposition 39, Supermajority of 55% for School Bond Votes (2000)
The primary impact of Proposition 39 was to reduce the threshold required to pass local California school district bond issues from a two-thirds (66.67 percent) supermajority vote to a 55 percent supermajority vote.
Prior to the passage of Proposition 39, about 60% of local school bond ballot questions succeeded in getting the previously required 2/3rds vote. In the wake of its passage, about 75% of local school districts are passing with the 55% requirement.