High-Speed Rail Authority Office of the Inspector General: contract reviews: audit standards.
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Majority
Fiscal committee
No
Appropriation
No
Current location
Transportation
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill expands the authority and responsibilities of the High-Speed Rail Authority’s Office of the Inspector General. Specifically, it requires the Inspector General to conduct audits of the High-Speed Rail Authority’s contracts and contracting practices, ensuring they comply with state and federal laws and are conducted fairly. The bill also mandates the Inspector General to review financial disclosures and identify potential conflicts of interest among officials involved in contract decisions, particularly for contracts exceeding $20 million. Finally, it requires audits to adhere to Government Auditing Standards and the results to be made public.
Key provisions
- Requires the Inspector General to review High-Speed Rail Authority contracts and contracting practices for compliance with laws and fairness.
- Mandates the review of financial disclosures and identification of conflicts of interest for officials involved in contract decisions.
- Establishes a threshold of $20 million for contracts requiring heightened scrutiny.
- Requires audits to be conducted in a timely manner according to Government Auditing Standards.
- Requires the Inspector General to make audit reports publicly available.
- Clarifies the Inspector General’s role in reviewing project updates and milestones.
- Specifies the Inspector General’s authority to recommend policies for efficiency and best practices.
- Prohibits the Inspector General from investigating personnel issues within the High-Speed Rail Authority.
Who is affected
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1 on record
Primary sponsor
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