IN HB1108 | 2020 | Regular Session
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on March 30 2020 - 100% progression
Action: 2020-03-30 - Public Law 157
Text: Latest bill text (Enrolled) [PDF]
Spectrum: Bipartisan Bill
Status: Passed on March 30 2020 - 100% progression
Action: 2020-03-30 - Public Law 157
Text: Latest bill text (Enrolled) [PDF]
Summary
State board of accounts. Makes various changes to statutes concerning the state board of accounts (board). Adds a definition of a "responsible officer of an audited entity". Allows the audit committee to determine the amount of the bond for the state examiner, deputy examiners, and field examiners based on applicable risk considerations. Repeals a statute that addresses duties required by law on April 5, 1909. Provides that, for purposes of the risk based examination criteria, the board may perform examinations of certain audited entities more frequently than once every four years if required by a ratings agency that rates debt maintained by such an audited entity. Provides that the board may issue management letters based on professional auditing standards to certain audited entities. Provides that the state examiner, deputy examiner, or field examiner may issue subpoenas to enforce the filing of certain reports. Establishes a procedure governing the examination of certain bodies corporate and politic. Provides that the procedure applies only to a body corporate and politic whose enabling statute does not provide for an audit, examination, or other engagement by the state board of accounts or an independent public accounting firm concerning financial or compliance related matters of the body corporate and politic. Makes changes to statutes establishing the forfeiture of office for the failure to file certain reports, interference with an examiner, and the failure to adopt or use the system of accounting and reporting adopted by the board. Provides that, as an alternative to an order to forfeit office, a court may impose a civil penalty that does not exceed $500 for each day that the public officer or responsible officer continues to violate an obligation with respect to an audit, examination, or other engagement by the board. Specifies that the individual is personally liable for a civil penalty imposed on the individual for such a violation. Provides that the board may collect the expenses from the audited entity that the board incurs in carrying out the audit, examination, or other engagement.
Title
State board of accounts.
Sponsors
Rep. Matthew Lehman [R] | Rep. Gregory Porter [D] | Sen. Eric Bassler [R] | Sen. Victoria Spartz [R] |
Sen. Lonnie Randolph [D] |
Roll Calls
2020-03-11 - Senate - Senate - Rules Suspended. Conference Committee Report 1 (Y: 43 N: 6 NV: 0 Abs: 1) [PASS]
2020-03-11 - House - House - Rules Suspended. Conference Committee Report 1 (Y: 92 N: 0 NV: 0 Abs: 8) [PASS]
2020-03-03 - Senate - Senate - Third reading (Y: 47 N: 3 NV: 0 Abs: 0) [PASS]
2020-02-20 - Senate - Senate - Committee Vote (Y: 12 N: 0 NV: 0 Abs: 0) [PASS]
2020-01-30 - House - House - Third reading (Y: 94 N: 0 NV: 1 Abs: 5) [PASS]
2020-01-29 - House - House - Amendment #1 (Porter) failed (Y: 32 N: 61 NV: 3 Abs: 4) [FAIL]
2020-01-23 - House - House - Committee Vote (Y: 20 N: 0 NV: 0 Abs: 4) [PASS]
2020-03-11 - House - House - Rules Suspended. Conference Committee Report 1 (Y: 92 N: 0 NV: 0 Abs: 8) [PASS]
2020-03-03 - Senate - Senate - Third reading (Y: 47 N: 3 NV: 0 Abs: 0) [PASS]
2020-02-20 - Senate - Senate - Committee Vote (Y: 12 N: 0 NV: 0 Abs: 0) [PASS]
2020-01-30 - House - House - Third reading (Y: 94 N: 0 NV: 1 Abs: 5) [PASS]
2020-01-29 - House - House - Amendment #1 (Porter) failed (Y: 32 N: 61 NV: 3 Abs: 4) [FAIL]
2020-01-23 - House - House - Committee Vote (Y: 20 N: 0 NV: 0 Abs: 4) [PASS]
History
Date | Chamber | Action |
---|---|---|
2020-03-30 | House | Public Law 157 |
2020-03-21 | House | Signed by the Governor |
2020-03-18 | Senate | Signed by the President of the Senate |
2020-03-16 | House | Signed by the Speaker |
2020-03-12 | Senate | Signed by the President Pro Tempore |
2020-03-11 | Senate | Rules Suspended. Conference Committee Report 1: adopted by the Senate; Roll Call 395: yeas 43, nays 6 |
2020-03-11 | House | Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 392: yeas 92, nays 0 |
2020-03-11 | Senate | CCR # 1 filed in the Senate |
2020-03-11 | House | CCR # 1 filed in the House |
2020-03-05 | Senate | Senate advisors appointed: Spartz and Tallian |
2020-03-05 | Senate | Senate conferees appointed: Bassler and Niezgodski |
2020-03-04 | House | House advisors appointed: Barrett, Negele, Campbell and Hamilton |
2020-03-04 | House | House conferees appointed: Lehman and Porter |
2020-03-04 | House | House dissented from Senate amendments |
2020-03-04 | House | Motion to dissent filed |
2020-03-04 | Senate | Returned to the House with amendments |
2020-03-03 | Senate | Third reading: passed; Roll Call 285: yeas 47, nays 3 |
2020-02-27 | Senate | Amendment #4 (Stoops) failed; voice vote |
2020-02-27 | Senate | Amendment #8 (Bassler) prevailed; voice vote |
2020-02-27 | Senate | Second reading: amended, ordered engrossed |
2020-02-24 | Senate | Senator Randolph added as cosponsor |
2020-02-20 | Senate | Committee report: amend do pass, adopted |
2020-02-05 | Senate | First reading: referred to Committee on Appropriations |
2020-01-31 | House | Referred to the Senate |
2020-01-30 | House | Senate sponsors: Senators Bassler and Spartz |
2020-01-30 | House | Third reading: passed; Roll Call 140: yeas 94, nays 0 |
2020-01-29 | House | Amendment #1 (Porter) failed; Roll Call 118: yeas 32, nays 61 |
2020-01-29 | House | Second reading: ordered engrossed |
2020-01-27 | House | Committee report: amend do pass, adopted |
2020-01-09 | House | Representative Porter added as coauthor |
2020-01-08 | House | First reading: referred to Committee on Ways and Means |
2020-01-08 | House | Authored by Representative Lehman |