The proposed bill would amend current statutes to expand the authority of the Office of the Auditor General (OAG) by allowing access to financial institutions' and enterprises' records related to state entities and political subdivisions. Specifically, it would insert provisions requiring financial institutions to provide requested information in a specified format and timeframe, and to certify the accuracy of the information provided. Additionally, it would stipulate that costs associated with producing this information would be borne by the state entity or political subdivision requesting it, and that financial institutions would not be liable for providing such information.

Current law, which allows the OAG access to various records of state agencies and political subdivisions, would remain largely unchanged, with minor adjustments in language for clarity. The bill would also introduce new penalties for individuals who obstruct or mislead the auditor general in their duties, classifying such actions as a class 2 misdemeanor. Overall, the bill aims to enhance the OAG's oversight capabilities while ensuring compliance from financial institutions.

Statutes affected:
Introduced Version: 41-1279.04
House Engrossed Version: 41-1279.04
Chaptered Version: 41-1279.04