SB 1253 Summary

• Amends Section 219A to require all payments received by the State Auditor and Inspector from providing continuing professional education be deposited to the State Auditor and Inspector Revolving Fund.

• Amends Section 227.9 to expand the sources of funds deposited into the State Auditor and Inspector Revolving Fund to include "all monies received by the State Auditor and Inspector" from any source, not limited to previously specified sources.

• Establishes that the revolving fund remains a continuing fund not subject to fiscal year limitations, with all accrued monies appropriated for office expenses necessary to perform statutory duties.

• Requires the State Auditor and Inspector to pay any unencumbered balance exceeding $850,000 at fiscal year-end into the General Revenue Fund.

• Becomes effective July 1, 2012, with an emergency clause for immediate implementation upon passage and approval.