Changes to Existing Law

Each pool arrangement, as defined in § 1-24-11, shall must have an annual audit of its financial statements conducted in accordance with generally accepted government auditing standards. A copy of the audited financial statements shall must be filed with the Department of Legislative Audit within twelve three months of the close of the previous fiscal year for the pool arrangement. The department shall, within five working days, make audited financial statements filed pursuant to this section available easily and readily accessible to the public on the department's website. The auditor-general may examine all financial records, related to funds provided by the state or its political subdivisions, of any pool arrangement, if deemed necessary and in the public interest by the auditor-general.