(1) A project agency shall adopt a budget annually using generally accepted accounting principles. The budget must be reviewed and approved only by the project governing agency’s board notwithstanding any other provision of law, including the general appropriations act. No costs may be incurred by the general revenue fund. A project agency must be responsible for all costs, both direct and indirect. (2) A project agency shall keep financial and statistical information as necessary to disclose completely and accurately the financial condition and operation of the project agency. SECTION 3. A project agency is vested with all authority conferred upon the Department of Labor, Licensing and Regulation in Section 40150 and is responsible for all administrative, fiscal, investigative, inspection, clerical, secretarial, and license renewal operations and activities of the boards and commissions enumerated in Section 40140. A project agency may fulfill these responsibilities through internal or external means, including, but not limited to, directly employed staff or by contract with the Department of Labor, Licensing and Regulation or a third party selected by the project agency. SECTION 4. (A) Nothing in this joint resolution shall affect the duty of the State Auditor to audit a project agency. The State Auditor shall enter into a contract and schedule with each project agency to conduct audits, including financial reports and performance audits. Costs incurred in performing these audits must be reimbursed by the project agency. (B) The Legislative Audit Council shall submit a performance and management report on the pilot project by September 15, 2014. SECTION 5. A project agency annually shall submit to the to the Governor, the House Ways and Means Committee, the House Labor, Commerce and Industry Committee, the Senate Finance Committee and the Senate Labor, Commerce and Industry Committee a report that includes a description of the agency’s activities in the previous fiscal year. The report must be submitted by September fifteenth of the subsequent fiscal year and include: (1) an audit conducted under the procedures of Section 4(A); (2) a financial report of the previous fiscal year; (3) a description of any changes in licensing fees; (4) a report on the number of examination candidates, licensees, certificate holders, and enforcement activities and any changes in those figures; (5) a description of all new rules adopted or repealed;
(1) A project agency shall adopt a budget annually using generally accepted accounting principles. The budget must be reviewed and approved only by the project agency’s governing board notwithstanding any other provision of law, including the general appropriations act. No costs may be incurred by the general revenue fund. A project agency must be responsible for all costs, both direct and indirect. (2) A project agency shall keep financial and statistical information as necessary to disclose completely and accurately the financial condition and operation of the project agency. SECTION 3. A project agency is vested with all authority conferred upon the Department of Labor, Licensing and Regulation in Section 40150 and is responsible for all administrative, fiscal, investigative, inspection, clerical, secretarial, and license renewal operations and activities of the boards and commissions enumerated in Section 40140. A project agency may fulfill these responsibilities through internal or external means, including, but not limited to, directly employed staff or by contract with the Department of Labor, Licensing and Regulation or a third party selected by the project agency. SECTION 4. (A) Nothing in this joint resolution shall affect the duty of the State Auditor to audit a project agency. The State Auditor shall enter into a contract and schedule with each project agency to conduct audits, including financial reports and performance audits. Costs incurred in performing these audits must be reimbursed by the project agency. (B) The Legislative Audit Council shall submit a performance and management report on the pilot project by September 15, 2014. SECTION 5. A project agency annually shall submit to the to the Governor, the House Ways and Means Committee, the House Labor, Commerce and Industry Committee, the Senate Finance Committee and the Senate Labor, Commerce and Industry Committee a report that includes a description of the agency’s activities in the previous fiscal year. The report must be submitted by September fifteenth of the subsequent fiscal year and include: (1) an audit conducted under the procedures of Section 4(A); (2) a financial report of the previous fiscal year; (3) a description of any changes in licensing fees; (4) a report on the number of examination candidates, licensees, certificate holders, and enforcement activities and any changes in those figures; (5) a description of all new rules adopted or repealed;
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