provisions of this section.
(2) The audit shall consist of a thorough review of all
financial information and examine the effectiveness, economy
and efficiency of the authority, including, but not limited
to, a review of billing systems, acquisitions of other
municipal authorities, contract processes and transparency,
management practices, conflicts of interest and compliance
with relevant Federal and State statutes by the authority,
its board members and its contractors.
(3) For this purpose, the Auditor General may employ
consultants, experts, accountants or investigators as the
Auditor General may deem advisable and conduct the audit
independently of any other audits.
(4) The Auditor General shall provide a report of the
audit to the authority December 31 of the fifth year. The
report may include recommendations on how to improve
procedures and activities to enhance economy, efficiency and
effectiveness in any areas covered by the audit.
Section 2. This act shall take effect in 60 days.
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