Section 196.1118

There are multiple enactments of 196.1118

Title XII PUBLIC HEALTH AND WELFARE

Chapter 196

Effective - 28 Aug 2026, 2 histories, see footnote   

  196.1118.  Annual audit by state auditor or private accounting firm — audit available to public — every three years comprehensive report for governor and general assembly, content — audit and report not administrative expense. — The department of economic development shall make provision for and secure the state auditor or outside public accounting firm an annual audit of its financial affairs and the moneys expended from the life sciences research trust fund.  Such audit shall be performed on a fiscal year basis and the cost of such audit shall not be considered as an administrative expense for purposes of subsection 3 of section 196.1115.  The department shall make copies of each audit available to the public.  Every three years the department, with the assistance of its staff or independent contractors as determined by the department, shall prepare a comprehensive report assessing the work and progress of the life sciences research program.  Such assessment report shall analyze the impact of the department's programs, grants, and contracts performed, shall be provided to the governor and the general assembly, and shall be available to the public.  The cost of such assessment report shall not be considered an administrative expense for purposes of subsection 3 of section 196.1115.

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(L. 2003 H.B. 688, A.L. 2026 S.B. 890)