CT SB00179

Requires the Auditors of Public Accounts to conduct performance audits of government programs costing the state more than $1 million annually, including tax credits, grants, loans, and other assistance programs administered by state or quasi-public agencies.

Defines performance audit as an examination to determine whether programs effectively achieve their stated legislative purposes, to be conducted in accordance with generally accepted government auditing standards or another appropriate method.

Mandates auditors evaluate whether additional data collection and statutory changes are needed, assess administrative efficiency improvements, determine if program costs outweigh public benefits, and identify statutory or regulatory barriers to effective operation.

Requires auditors to submit performance audit reports to the Governor, Secretary of the Office of Policy and Management, and relevant joint standing committees, either as standalone reports or as part of regular agency audits.

Becomes effective October 1, 2018.