General Assembly Substitute Bill No. 620
January Session, 2013 *_____SB00620APP___050113____*
General Assembly
Substitute Bill No. 620
January Session, 2013
*_____SB00620APP___050113____*
AN ACT ESTABLISHING A PILOT PROGRAM TO AUDIT A MUNICIPALITY AND REQUIRING A UNIFORM SYSTEM OF ACCOUNTING FOR MUNICIPAL REVENUES AND EXPENDITURES.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (Effective July 1, 2013) For the fiscal year commencing July 1, 2013, the Auditors of Public Accounts shall conduct a pilot program to audit the budget and financial condition of one municipality with a population equal to or less than thirty thousand. As part of such pilot program, the auditors shall prepare a report of their review and make recommendations for programmatic savings, efficiencies, financial improvements and reforms for the selected municipality and shall submit such report not later than February 5, 2014, to the joint standing committees of the General Assembly having cognizance of matters relating to planning and development, appropriations and finance, revenue and bonding.
Sec. 2. (NEW) (Effective from passage) Not later than January 1, 2015, the Secretary of the Office of Policy and Management shall, in consultation with organizations that work with municipalities, develop and implement a uniform system of accounting for municipal revenues and expenditures.
This act shall take effect as follows and shall amend the following sections:
Section 1 July 1, 2013 New section
Sec. 2 from passage New section
This act shall take effect as follows and shall amend the following sections:
Section 1
July 1, 2013
New section
Sec. 2
from passage
New section
APP Joint Favorable Subst.
APP
Joint Favorable Subst.