The Assembly Committee on Ways and Means heard two bills that the sponsor described as housekeeping measures to streamline state financial administration.

Assembly Bill 506 would eliminate a number of reporting requirements to the Interim Finance Committee. Sponsor Danielle Monroe Moreno outlined several items proposed for removal from statute, including annual reports from the Attorney General on registry accounts; reports from the Office of Economic Development related to the Catalyst account; reports from the Department of Corrections on prison industry accounts receivable; and a range of other periodic reports from agencies and boards. The sponsor said the bill’s purpose is to reduce duplicative or obsolete reports and make state administration more efficient.

Assembly Bill 507 would clarify the threshold test for when a revised work program requires Interim Finance Committee approval. The bill sets a minimum threshold — $75,000 — and requires that a proposed revision both exceed that threshold and change an approved expenditure category by either 20 percent or $350,000 (whichever is less) in order to trigger IFC review. The bill also bars splitting a proposed revision into multiple requests to avoid the threshold.

Committee members characterized both measures as technical fixes. Assemblymember Dickman praised the cleanup approach. No callers testified for or against either bill in the hearing record, and the sponsor waived closing remarks.

Why it matters: AB506 would reduce mandated reporting to the IFC and could shorten staff workloads and IFC agenda length; AB507 aims to reduce uncertainty about when work‑program changes require Interim Finance Committee action, potentially decreasing administrative back‑and‑forth.