The bill, enacted as Act No. 323, introduces new provisions to the powers and duties of the legislative auditor in Louisiana. Specifically, it enacts R.S. 24:513(A)(9), which grants the legislative auditor the authority to compile financial statements and conduct audits of nonstate entities, including local government and quasi-public entities, that receive funding for new projects through the Capital Outlay Act. This provision aims to ensure accountability and transparency in the use of public funds allocated for capital outlay projects.

Additionally, the bill stipulates that any nonstate entity that fails to comply with the requirements set forth in R.S. 39:112(E)(4) will be subject to an audit finding of noncompliance. This measure is intended to enhance oversight and ensure that entities receiving state funding adhere to established guidelines, thereby promoting effective use of taxpayer dollars in capital outlay initiatives.