Expands audit powers of State Auditor; requires online publication of certain materials; requires performance review audits of certain business incentive programs.

This bill (S 386) expands the New Jersey State Auditor’s authority to conduct performance review audits of business incentive programs administered by the New Jersey Economic Development Authority (EDA). It requires the State Auditor to audit all EDA programs providing financial assistance (like grants, loans, tax credits, or exemptions) to businesses at least once every two years, including those supporting film/digital media production. The bill mandates that all audit reports and results be published online for 14 days on the Legislature’s website and maintained on a dedicated State Auditor webpage. These audits will assess program effectiveness and compliance, with findings reported to the Legislature. The measure directly affects EDA’s business incentive programs and entities receiving their financial assistance.