Bill > HB94

This bill revises the powers and duties of the State Auditor, focusing on state property inventory management and creating a new Division of Property Investigations. The legislation modifies existing laws to allow the State Auditor to adjust the threshold value for inventorying state property every four years based on the Consumer Price Index, with the initial threshold set at $500. The bill establishes new reporting requirements for property managers, mandating they report lost or stolen property within 30 days and submit detailed inventories twice a year. A significant provision creates the Division of Property Investigations within the State Auditor's office, which can investigate property losses, determine negligence, and potentially compel employees to reimburse the state for lost property. The bill also provides a special audit exemption for property located behind security bars in Department of Corrections and Department of Youth Services facilities, allowing alternative audit methods. Additionally, the legislation requires the State Auditor to publish annual and quarterly loss reports on their website and provides mechanisms for holding property managers accountable for state property. The changes will take effect on October 1, 2026, giving state agencies time to prepare for the new requirements.

Government Affairs

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