NOTE: As provided in LFC policy, this report is intended for use by the standing finance committees of the legislature. The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.
The LFC is only preparing FIRs on bills referred to the Senate Finance Committee, the Senate Ways and Means Committee, the House Appropriations and Finance Committee and the House Taxation and Revenue Committee. The chief clerks are responsible for preparing and issuing all other bill analyses.
Only the most recent FIR version, excluding attachments, is available on the Intranet. Previously issued FIRs and attachments may be obtained from the LFC office in Room 416 of the State Capitol Building.
| SPONSOR: | Lujan | DATE TYPED: | 03/01/99 | HB | 852 | ||
| SHORT TITLE: | State Auditor to Audit Associations | SB | |||||
| ANALYST: | Gonzales | ||||||
| Recurring
or Non-Rec |
Fund
Affected | ||||
| FY99 | FY2000 | FY99 | FY2000 | ||
| Minimal | |||||
(Parenthesis ( ) Indicate Expenditure Decreases)
Duplicates/Conflicts with/Companion to/Relates to
SOURCES OF INFORMATION
LFC Files
State Auditor
SUMMARY
Synopsis of Bill
House Bill 852 amends the Audit Act to add "metropolitan courts" and "New Mexico associations or organizations that receive or expend public money from whatever source derived, including the Municipal League, the Association of Counties, the school administrators association and school boards association" to the definition of agency; and makes technical corrections.
ADMINISTRATIVE IMPLICATIONS
According to the State Auditor, there would be minimal impact to the Office of the State Auditor as a result of the new entities added to the definition of agency under the Audit Act, which requires the State Auditor to approve the auditor selected to conduct an agency's audit. In turn the Office of the State Auditor is responsible for reviewing the audit work of the selected auditor.
JMG/njw