HB 1720 Summary

• Creates the Joint Legislative Committee on Accountability composed of appointees selected by the Speaker of the House and President Pro Tempore of the Senate, with mutual agreement on member numbers.

• Requires committee membership to include two private sector members with current significant business experience in internal auditing and performance auditing, serving without compensation but eligible for travel reimbursement.

• Authorizes the State Auditor and Inspector to conduct performance audits of executive branch entities upon recommendation by the Joint Committee on Accountability, subject to available funds.

• Defines "performance audit" as an examination of a state agency program, activity, or function for effectiveness, economy, efficiency, internal control, or compliance, conducted per Government Auditing Standards.

• Becomes effective November 1, 2013.