State agencies; require notice of certain consent decrees and revise provision related to Department of Audit.
What changed between versions
Increased the settlement notice threshold from $1,000,000 to $5,000,000, reducing the number of settlements requiring Governor and Legislature notification.
Added mandatory annual audits for all school districts in the state, either by the State Auditor or a certified public accountant.
Added new duties for the State Auditor including training programs for state and local personnel, performance audits of service contracts, and risk assessments for economic development programs.
Expanded audit authority to include profit organizations receiving $10 million or more in state/federal funds, whereas the original bill only covered nonprofit organizations.
Increased the audit threshold for organizations receiving less than $10 million in funds to include both nonprofit and profit organizations.
Added audit authority over levee boards and agencies created by the Legislature or Governor's executive order.
Modified audit cost-sharing provisions to clarify payment responsibilities for independent specialists and firms contracted by the State Auditor.