2009 California Government Code - Section 14535-14536 :: Chapter 3. Annual Report

14535.  The commission shall adopt and submit to the Legislature, by
December 15 of each year, an annual report summarizing the
commission's prior-year decisions in allocating transportation
capital outlay appropriations, and identifying timely and relevant
transportation issues facing the State of California.

14536.  (a) The annual report shall include an explanation and
summary of major policies and decisions adopted by the commission
during the previously completed state and federal fiscal year, with
an explanation of any changes in policy associated with the
performance of its duties and responsibilities over the past year.
   (b) The annual report may also include a discussion of any
significant upcoming transportation issues anticipated to be of
concern to the public and the Legislature.
   (c) The annual report submitted to the Legislature for the years
2001 to 2008, inclusive, shall include all of the following:
   (1) A summary and discussion of loans and transfers authorized
pursuant to Sections 14556.7 and 14556.8.
   (2) A summary and discussion on the cash-flow and project delivery
impact of those loans and transfers.
   (3) A summary of any guidance provided to the department pursuant
to Section 14556.7.