LRB-2379/1
MPG&JK:jld:jm
2013 - 2014 LEGISLATURE
June 4, 2013 - Introduced by Representatives Sargent,
Genrich, Barnes, Berceau,
Bernard Schaber, Billings, Clark, Danou, Hesselbein, Hulsey, Kahl,
Kolste, Mason, Nass, Ohnstad, Shankland, Pope, Hintz, Hebl, Jorgensen,
Kessler and Wright, cosponsored by Senators Hansen,
Vinehout,
Carpenter, Harris, C. Larson, Lehman, Miller, Risser, L. Taylor, Wirch and
Lassa. Referred to Committee on Jobs, Economy and Mining.
AB236,1,3
1An Act to amend 13.94 (1) (dr) and 13.94 (1s) (c) 5. of the statutes;
relating to:
2audits of the Wisconsin Economic Development Corporation by the Legislative
3Audit Bureau.
Analysis by the Legislative Reference Bureau
Under current law, the legislative Audit Bureau (LAB) is required to perform
a financial audit of the Wisconsin Economic Development Corporation (WEDC)
every two years and a program evaluation audit of WEDC's economic development
programs every two years. This bill requires that the financial audit be conducted
annually. The bill also creates a new requirement for a performance evaluation audit
of WEDC's policies and management practices to be conducted by LAB on an annual
basis.
For further information see the state fiscal estimate, which will be printed as
an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB236,1
4Section
1. 13.94 (1) (dr) of the statutes is amended to read:
AB236,2,65
13.94
(1) (dr)
Biennially, beginning
Beginning in 2013,
annually conduct a
6financial audit of the Wisconsin Economic Development Corporation
, annually
1conduct a performance evaluation audit of the Wisconsin Economic Development
2Corporation's policies and management practices, and
biennially conduct a program
3evaluation audit of the economic development programs administered by the
4Wisconsin Economic Development Corporation under ch. 238. The legislative audit
5bureau shall file a copy of each audit report under this paragraph with the
6distributees specified in par. (b).
AB236,2
7Section
2. 13.94 (1s) (c) 5. of the statutes is amended to read:
AB236,2,98
13.94
(1s) (c) 5. The Wisconsin Economic Development Corporation for the cost
9of the
audit audits required to be performed under sub. (1) (dr).
