Introduced Senate Bill (S)

Authored by

DIGEST

State and local audit examinations. Requires the audit examinations of state and local units conducted by the state board of accounts to include: (1) a disclosure of any pledge, covenant, or agreement that the state or local unit has made as security or guarantor for a private bond issue of a private company; and (2) an opinion concerning the extent of any risk the pledge, covenant, or agreement poses to the public funds of the state or local unit. State and local audit examinations. Requires the audit examinations of state and local units conducted by the state board of accounts to include: (1) a disclosure of any pledge, covenant, or agreement that the state or local unit has made as security or guarantor for a private bond issue of a private company; and (2) an opinion concerning the extent of any risk the pledge, covenant, or agreement poses to the public funds of the state or local unit.