Budget Amendment ID: FY2013-S4-286-R1

Redraft ECO 286

Increasing the transparency of the operations of state authorities

Ms. Spilka and Mr. Tarr moved that the proposed new text be amended by inserting, after section 55 the following section:-

“SECTION 55A. Subsection (a) of section 29K of said chapter 29, added by section 41 of chapter 68 of the acts of 2011, is hereby amended by striking out the following words “that receives a total amount of appropriations from the commonwealth equal to or in excess of $500,000 in any fiscal year shall, on an annual basis conduct an audit of those funds” and inserting in place thereof the following words:- shall be subject to section 12 of chapter 11 and shall, on an annual basis, conduct an independent audit of its funds.  The results of both audits and the audited financial statements of the authority shall be provided annually to the secretary of administration and finance who shall publish the audits and audited financial statements on the searchable website developed and operated under section 14C of chapter 7.”