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IN SB0472
Bill
Status
Introduced
1/13/2011
Primary Sponsor
Frank Mrvan
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AI Summary
- Grants the Indiana Gaming Commission continuing jurisdiction over riverboat economic development agreements and incentive payments regardless of when agreements were made, allowing verification that payments comply with gaming law purposes
- Requires recipients of gaming incentive payments to annually report verified accountings of funds received and disbursements to the Gaming Commission, with reports made available electronically through the state's computer gateway
- Mandates that after June 30, 2011, contributing units (counties, cities, towns) contractually require community benefit organizations receiving public money to undergo independent audits and file annual verified certifications of financial accounts
- Requires fiscal bodies of contributing units to review public money used as compensation or expense reimbursement for governing board members or chief executives of community benefit organizations
- Changes State Board of Accounts examination schedules from mandatory annual or biennial audits to a flexible schedule determined by the board, except where federal audit guidelines or specific state laws require otherwise
Legislative Description
Oversight of public money.
Last Action
First reading: referred to Committee on Public Policy
1/13/2011
Full Bill Text
No bill text available