House
File
2477
S-5299
Amend
House
File
2477,
as
passed
by
the
House,
as
follows:
1
1.
Page
1,
after
line
23
by
inserting:
2
<
Sec.
___.
NEW
SECTION
.
11.5C
Audit
of
authority
expenses.
3
1.
The
auditor
of
state
shall
contract
with
a
private
4
accounting
firm
to
conduct
an
annual
rotating
full
audit
of
5
expenses
that
are
reimbursed
by
state
funds
from
the
following
6
state
entities:
7
a.
Agricultural
development
authority.
8
b.
Economic
development
authority.
9
c.
Iowa
communications
network.
10
d.
Iowa
finance
authority.
11
e.
Iowa
lottery
authority.
12
f.
Tobacco
settlement
authority.
13
2.
Each
year,
if
the
private
accounting
firm
does
not
14
conduct
a
full
audit
of
such
expenses
relating
to
an
entity
15
listed
in
subsection
1,
the
auditor
of
state
shall
conduct
a
16
sample
audit
of
the
entity.
The
auditor
of
state
shall
ensure
17
that
each
listed
entity
receives
either
a
full
audit
or
a
18
sample
audit
each
year.
>
19
2.
By
renumbering
as
necessary.
20
______________________________
LIZ
MATHIS
-1-
HF2477.5682
(1)
87
ec/rn
1/
1
#1.
#2.