HB2341: GATA-AUDIT WAIVER REQUEST

Legislative Summary

Reinserts the provisions of the introduced bill. Provides that the 3-member panel referenced in the introduced bill shall be a 5-member panel. Provides that members of the panel shall be appointed by the Governor, the President of the Senate, the Senate Minority Leader, the Speaker of the House of Representatives, and the House Minority Leader. Provides that members of the panel shall serve for 4-year terms, except that members initially appointed shall have staggered terms. Provides that each member of the panel must have auditing or accounting experience. Provides that the Governor's Office of Management and Budget shall provide administrative support to the panel. Provides that members of the panel shall serve without compensation but may be reimbursed for reasonable travel expenses associated with their service on the panel. Provides that, if a majority of the members of the panel who are voting on the issue vote to approve the local government's request, then the request shall be approved; otherwise, the request shall be denied. Effective immediately.