Oversight of pandemic relief funding.

Requires the auditor of state (auditor) to engage internal or third party assistance to perform a risk assessment of executive branch agency internal controls for administering and disbursing federal: (1) pandemic relief funds; (2) economic stimulus funds; or (3) loan funds. Provides that upon engaging internal or third party assistance, the auditor shall consult with the state board of accounts (SBOA) and executive branch agencies that are conducting similar risk assessments or audits of federal funds regarding the scope of work being performed by the SBOA and executive branch agencies. Requires the auditor, before December 31 of each year, to compile its findings and provide a report to the governor and to the legislative council. Appropriates $800,000 to the auditor of state from money received by the state from the Coronavirus State and Local Fiscal Recovery Funds program (program) pursuant to the American Rescue Plan Act of 2021, to be used for those purposes. Provides that the office of management and budget shall certify that each executive branch agency and local governmental unit directly receiving: (1) pandemic relief funds; (2) economic stimulus funds; or (3) loan funds; use a portion of the funds to engage an independent third party firm to perform a risk assessment over the executive branch agency's or local governmental unit's controls in administering the program and audit the disbursement of funds. Requires the office of management and budget, before December 31 of each year, to compile and submit a report with findings to the governor and to the legislative council.