California Government Code

§ 11854

GOV § 11854 Effective Sep 27, 2022Div. 3 · Title 2 · Part 1 · Ch. 10 · Art. 1

Statute text

The Legislature intends that the system meet all of the following objectives:

(a)Replace the state’s aging legacy financial management systems and eliminate fragmented and diverse reporting by implementing standardized financial management processes and systems across all departments and control agencies. For purposes of this subdivision, “financial management” means accounting, budgeting, cash management, asset accounting, vendor management, and procurement.

(b)Increase competition by promoting business opportunities through the use of electronic bidding, online vendor interaction, and automated vendor functions.

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Legislative history

Amended by Stats. 2022, Ch. 569, Sec. 17. (AB 156) Effective September 27, 2022.