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MO HB213
Bill
Status
1/7/2015
Primary Sponsor
Justin Alferman
Click for details
AI Summary
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State Auditor must conduct audits of all joint municipal utility commissions every two years beginning in 2016, with municipal members jointly paying all audit expenses including staff salaries
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Audit reports must disclose financial benefits or burdens on member governments, obligations to finance deficits, debt obligations, and detailed information on investments, bonded indebtedness, officer salaries, employee wages, and plant locations
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Reports must follow Government Auditing Standards Board requirements for joint ventures and reflect how joint venture liabilities impact each member municipality's assets
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Third and fourth class cities must hold at least one advertised public hearing and obtain majority voter approval before joining a joint municipal utility commission
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Auditor must provide recommendations for legislative improvements to enhance accountability of joint municipal utility commissions
Legislative Description
Modifies provisions relating to the formation and auditing of joint municipal utility commissions
Last Action
Public Hearing Completed (H)
2/11/2015