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, the bill stipulates that any costs associated with producing this information would be borne by the state entity or political subdivision requesting it, and it clarifies 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 include technical and conforming changes, as well as provisions to ensure compliance and accountability, such as penalties for obstructing the auditor's duties. Overall, the bill aims to enhance the OAG's oversight capabilities by streamlining access to financial records necessary for audits and investigations.

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