If enacted, this bill would amend current statutes to expand the authority of the Office of the Auditor General (OAG) in Arizona. Under the proposed changes, the OAG and its authorized representatives would gain access to financial institutions' and enterprises' information, including accounts, records, and transactions related to any state entities or political subdivisions. This new provision would require financial institutions to provide requested information in a timely manner and certify its accuracy. Additionally, any costs incurred in producing this information would be the responsibility of the state entity or political subdivision involved.

The bill also includes several technical amendments, such as changing the phrasing of existing language for clarity and consistency. For instance, it modifies the requirement for state agencies to allow access to records by specifying that they must do so upon request from the OAG. Furthermore, it establishes that financial institutions are not liable for providing information to the OAG, and it introduces penalties for individuals who obstruct the auditor's duties. Overall, these updates aim to enhance the OAG's oversight capabilities and ensure compliance from state entities and financial institutions.

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