SB 907 Summary

• Creates the Joint Legislative Committee on Accountability composed of legislators (appointed by House Speaker and Senate President Pro Tempore reflecting partisan balance) and two private sector members with internal and performance auditing experience serving without compensation.

• Authorizes the State Auditor and Inspector to conduct performance audits of executive branch entities upon recommendation by the Committee, subject to available funding and in accordance with Government Audit Standards.

• Defines "performance audit" to include assessments of program effectiveness, economy, efficiency, internal control, and compliance with applicable government audit standards.

• Creates the "State Government Performance Accountability Fund" as a continuing revolving fund in the State Treasury to provide funding for performance audits recommended by the Committee.

• Amends 74 O.S. 2011, Section 219A to require that payments received from providing continuing professional education be deposited to the State Auditor and Inspector Revolving Fund, and modifies Section 227.9 to expand the revolving fund's revenue sources to include all monies received by the State Auditor and Inspector.

• Effective date: November 1, 2013.