Amends existing law to revise provisions regarding the minimum requirements for an audit.
AUDITS OF LOCAL GOVERNMENTAL ENTITIES -- Amends existing law to revise provisions regarding the minimum requirements for an audit.
STATEMENT OF PURPOSE
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Periodic growth in budget numbers due to inflationary pressures and economic activity naturally require adjustments in nominal statutory thresholds such as, in this case, audit requirements. This legislation adjusts those nominal values to be more reflective of the original real dollar threshold amounts.
FISCAL NOTE
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This legislation causes no increase or decrease in revenue, or additional expenditure of funds at the state or local level of government; therefore, this legislation has no fiscal impact.
HOW THEY VOTED
House Third Reading
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YEA (67)
NAY (0)
ABSENT / NOT VOTING (3)
Senate Third Reading
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YEA (34)
NAY (0)
ABSENT / NOT VOTING (1)
LATEST ACTION
Reported Signed by Governor on March 14, 2025 Session Law Chapter 71 Effective: 07/01/2025
BILL INFO
- Session
- 2025
- Chamber
- house
- Status date
- Mar 17, 2025
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