Section 1 [Accounts; Audits] changes audit requirements for the Dairy Research, Teaching, and Consumer Education Authority.  This section eliminates a requirement that the Authority provide and pay for an annual independent audit of its official books that  must be filed with the Secretary of State.  This section makes the Authority’s board subject to audit by the Legislative Auditor and requires filing of an audit with the Secretary of State.

Section 2. [Legislative Auditor; Audits of Job Opportunity Building Zones and Business Subsidy Agreements] changes the audit requirements for the creation and operation of job opportunity building zones and business subsidy agreements, shifting audit duties from the State Auditor to the Legislative Auditor.  This section eliminates the requirement that the Office of the State Auditor perform annual audits and establishes a requirement that the Legislative Auditor conduct audits as resources allow.  This section removes authorizations for the State Auditor to obtain information from the Commissioners of Revenue and Economic Development to conduct audits.  This section requires all public officials and parties to agreements to provide reasonable facilities for examinations by the Legislative Auditor; make available returns and reports; attend and answer the auditor’s lawful inquiries under oath; produce and exhibit all books, accounts, documents, data or any classification, and property that the Legislative Auditor may need to inspect; and in all things aid the auditor in the performance of duties.

SJJ/rdr