SB 0771 Officials Must Comply With State Auditor Reports
LR Number:S2498.03I Fiscal Note:2498-03
Committee:Civil and Criminal Jurisprudence
Last Action:02/07/96 - Hearing Conducted S Civil & Criminal Jurisprudence Committ
Effective Date:August 28, 1996
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Current Bill Summary

SB 771 - This act requires auditees to comply with recommendations made by the auditor regarding a lack of prudent internal accounting and management controls which allow a shortage of money in excess of $500 to occur or remain undetected. Failure to correct this lack of controls within 6 months from the date the report was issued shall result in the official being charged with a Class A misdemeanor. If the punishment is simply a fine, then payment of the fine can be made from the bond that the official has posted. However, if the official has made a "gain" from the lack of controls, then the official shall pay the fine.