HB 1466 -- Oversight of Public Funds

Sponsor:  Smith (150)

This bill changes the laws regarding the oversight of public
funds.

JOINT COMMITTEE ON RECOVERY ACCOUNTABILITY AND TRANSPARENCY

The Joint Committee on Recovery Accountability and Transparency
is established to coordinate and conduct oversight of moneys
received by the state and any political subdivision from the
American Recovery and Reinvestment Act of 2009, commonly known as
the federal economic stimulus act, to prevent fraud, waste, and
abuse.  The committee will consist of four members; one from the
majority party and one from the minority party of the House of
Representatives and the Senate appointed by the Speaker and the
President Pro Tem respectively.  The duties of the committee
include:

(1)  Reviewing whether the reporting of contracts and grants
using the funds received from the federal act meet applicable
standards and specify the purpose of the contract or grant and
performance measures;

(2)  Reviewing whether applicable competition requirements to
contracts and grants using these funds have been satisfied;

(3)  Determining whether these funds should be utilized to buy
back a portion of the state's unredeemed tax credits at a
discounted rate;

(4)  Reviewing these funds to determine whether wasteful
spending, poor contract or grant management, or other abuses are
occurring and referring appropriate matters for investigation to
the Attorney General or the agency that disbursed the funds;

(5)  Receiving regular reports from the Commissioner of the
Office of Administration, or his or her designee, regarding these
funds;

(6)  Submitting annual reports to the Governor and General
Assembly that summarize its findings.  All reports must be made
publicly available and posted on the Governor's, the General
Assembly's, and each state agency's web site except for portions
which would disclose information that is not subject to
disclosure under state law; and

(7)  Making recommendations to agencies on measures to prevent
fraud, waste, and abuse regarding these funds.  No later than 30
days after receipt of a recommendation, an agency must submit a
report to the Governor and General Assembly stating whether the
agency agrees or disagrees with the recommendation and any action
the agency will take to implement the recommendations.

MISSOURI ACCOUNTABILITY PORTAL

The bill requires the Governor to submit daily reports stating
all amounts withheld from the state's operating budget for the
current fiscal year on the Missouri Accountability Portal.

The provisions of the bill regarding the joint committee will
expire March 1, 2012.

Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:10 pm