Bill > S932

Introduced Session

This bill relates to the powers and duties of the State Auditor. Under the bill, the State Auditor is granted the authority to audit certain entities that receive funds from political subdivisions of the State and is required to conduct certain performance review audits. The bill requires the State Auditor to prominently publish on the Legislature's Internet homepage, for a period of at least 14 calendar days, each report and the results of each audit and performance review audit prepared by the State Auditor. The State Auditor is also required to publish these documents on an Internet webpage maintained by the State Auditor. The bill requires the State Auditor to conduct a performance review audit of New Jersey Economic Development Authority (EDA) business assistance or incentive programs, at least once every two years. The bill requires the State Auditor to transmit a copy of the report to the Legislature. The bill specifies that performance review audits are required to be conducted for any program or incentive administered or provided by the EDA that provides monetary or financial assistance in any form including, but not limited to, a grant, loan, loan guarantee, tax credit, tax exemption, or other monetary or financial benefit awarded to a person or entity to assist the person or entity in the conduct or operation of any trade, occupation, profession, or business, including, but not limited to, film and digital media production businesses, in the State.

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Joe Pennacchio (R)*, 

Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 01/31/2022)

Official Document