Bill > HB2368

This bill amends Arizona law to expand the Auditor General's authority to examine records, specifically adding new provisions related to accessing financial institutions' information. The bill clarifies that the Auditor General and authorized representatives can now request and receive detailed financial information from financial institutions and financial enterprises related to state agencies, boards, commissions, and political subdivisions. Under the new provisions, these financial institutions must provide the requested information in the specified form and time, with an authorized representative certifying the information. The costs associated with producing this information will be paid by the relevant state agency, and the financial institutions will not be liable to the state agency for providing the information. The bill maintains existing provisions that allow the Auditor General to access various records, attend executive sessions, and examine tax returns while preserving tax confidentiality. It also preserves the existing penalty of a class 2 misdemeanor for anyone who knowingly obstructs or misleads the Auditor General, with the Attorney General supervising prosecution of such offenses. The primary changes involve expanding the scope of financial record access and clarifying the process for obtaining such information.

Government Affairs

https://apps.azleg.gov/BillStatus/BillOverview/82141