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HomeGovernment CodeDiv. 3Ch. 1Art. 1§ 29008 Capital Asset Budget Reporting

§ 29008 Capital Asset Budget Reporting

Government Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 29008 Capital Asset Budget Reporting

Key Takeaways

  • •The government must show how much money they plan to spend on big things like land, buildings, and equipment.
  • •Land money is shown as one big number, unless it's part of a bigger project.
  • •Buildings and fixes to them must be listed one by one, except small fixes can be grouped together.
  • •Things like cars or computers are shown as one total number for each department.

Example

A city wants to build a new park and buy new computers for schools.

The city must show how much the park will cost separately, but can show the total cost for all the new computers together for the school department.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 29008 Capital Asset Budget Reporting

At a minimum, within the object of capital assets, the budget amounts for the following shall be reported, as specified: (a) Land shall be reported in total amounts, except when included as a component of a project. (b) Structures and improvements shall be reported separately for each project, except that minor improvement projects may be reported in totals. (c) Equipment shall be reported in total amounts by budget unit. (d) Infrastructure shall be reported in total amounts by budget unit. (e) Intangible assets may be reported in total amounts by budget unit. (Amended by Stats. 2011, Ch. 382, Sec. 1.7. (SB 194) Effective January 1, 2012.)

Last verified: January 22, 2026

Key Terms

roadportpropertyequipmentimprovement

Related Statutes

  • § 66411 Local Subdivision Design Control
  • § 59120 Assessment Refund And Adjustment
  • § 1001 State Executive Officers List
  • § 11011.30 Affordable Housing Property Sale
  • § 50061.5 Local Assessment Report Requirements

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 29008.
View Official Source