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State of South Dakota
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NINETY-FIRST SESSION LEGISLATIVE ASSEMBLY, 2016 |
| 591X0038 | HOUSE BILL NO. 1090 |
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Introduced by: Representatives Dryden, Anderson, Bartling, Cronin, Hunhoff (Jean), Hunt,
Jensen (Alex), Mickelson, and Romkema and Senators Novstrup (David),
Heineman (Phyllis), Peters, Sutton, Tidemann, and White
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FOR AN ACT ENTITLED, An Act to require certain statements and audits concerning
insurance pooling arrangements to be filed with the Department of Legislative Audit.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That chapter 1-24 be amended by adding a NEW SECTION to read:
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That chapter 1-24 be amended by adding a NEW SECTION to read:
Each pool arrangement, as defined in § 1-24-11, shall have an annual audit of its financial
statements conducted in accordance with generally accepted government auditing standards.
A copy of the audited financial statements shall be filed with the Department of Legislative
Audit within twelve months of the close of the previous fiscal year for the pool arrangement.
The department shall make audited financial statements filed pursuant to this section available
to the public on the department's website. The auditor-general may examine all financial
records, related to funds provided by the state or its political subdivisions, of any pool
arrangement if deemed necessary and in the public interest by the auditor-general.
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100 copies were printed on recycled paper by the South Dakota Legislative Research Council at a cost of $.161 per page. |
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Insertions into existing statutes are indicated by underscores. Deletions from existing statutes are indicated by |
