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H0290..........................................................by EDUCATION FINANCIAL STATEMENTS - Adds to existing law to provide responsibilities of the Idaho Transportation Department regarding certain financial statements. 03/02 House intro - 1st rdg - to printing 03/03 Rpt prt - Held at Desk
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]] Fifty-eighth Legislature First Regular Session - 2005 IN THE HOUSE OF REPRESENTATIVES HOUSE BILL NO. 290 BY EDUCATION COMMITTEE 1 AN ACT 2 RELATING TO THE STATE CONTROLLER AND THE IDAHO TRANSPORTATION DEPARTMENT; 3 AMENDING CHAPTER 10, TITLE 67, IDAHO CODE, BY THE ADDITION OF A NEW SEC- 4 TION 67-1001C, IDAHO CODE, TO PROVIDE RESPONSIBILITIES OF THE IDAHO TRANS- 5 PORTATION DEPARTMENT REGARDING CERTAIN FINANCIAL STATEMENTS. 6 Be It Enacted by the Legislature of the State of Idaho: 7 SECTION 1. That Chapter 10, Title 67, Idaho Code, be, and the same is 8 hereby amended by the addition thereto of a NEW SECTION, to be known and des- 9 ignated as Section 67-1001C, Idaho Code, and to read as follows: 10 67-1001C. DUTIES OF IDAHO TRANSPORTATION DEPARTMENT. When the Idaho 11 transportation department submits and attests its financial statement to the 12 state controller so that the state controller can comply with subsection (2) 13 of section 67-1001, Idaho Code, to deliver to the governor and the legislative 14 services office on or before the first day of January, a financial statement 15 which complies with generally accepted accounting principles, of the funds of 16 the state, its revenues, and of the public expenditures during the preceding 17 fiscal year, the department shall cause the statement to be placed on its 18 official website.
STATEMENT OF PURPOSE RS 15047 The bill requires the Department of Transportation to publish its attested financial statement on its official internet website. This is to provide for the accuracy of the financial information submitted to the state controller and to assure that the effectiveness of the underlying internal control structure is transparent to the public. FISCAL NOTE There is no fiscal impact to the general fund. Contact Name: Rep Russ Mathews Phone: 208 206-0860 208 528 7893 STATEMENT OF PURPOSE/FISCAL NOTE H 290