MO SB269

State auditor must audit each joint municipal utility commission in 2012 and every two years thereafter, with municipal members jointly paying all audit expenses.

Audit reports on joint municipal utility commissions must disclose financial benefits or burdens on member governments, legal obligations to finance deficits, debt obligations, and detailed information about investments, affiliates, and bonded indebtedness.

Auditor must report findings to municipal governing entities that are commission members, including detailed information on investments, bonds, receipts, expenditures, officer salaries, and operational details.

State auditor shall report audit findings and recommendations to the general assembly and make recommendations for legislative improvements to enhance joint commission accountability.

Cities of the third or fourth class must submit joint municipal utility commission participation to voters by ordinance after holding at least one advertised public hearing and receive majority voter approval before entering into any such contract.