Amends existing law to provide a date change for reports by the Credit Rating Enhancement Committee.

This legislation would change the date that the Credit Rating Enhancement Committee's annual report is due to the governor and the legislature to December 1 (currently August 1). This date change would allow the time needed to prepare the report and have a committee meeting, if needed, in advance of report issuance. Currently, the one month window is too short to facilitate both report preparation and a committee meeting between the end of the fiscal year and August 1. The December 1 date would allow time for the legislature to review in advance of the upcoming legislative session.