Sec. 24.20.201. Powers.
(a) The Legislative Budget and Audit Committee has the power to (1) organize, adopt rules for the conduct of its business, and prescribe procedures for the comprehensive fiscal analysis, budget review, and post-audit functions; (2) hold public hearings, administer oaths, issue subpoenas, compel the attendance of witnesses and production of papers, books, accounts, documents, and […]
Sec. 24.20.206. Duties.
The Legislative Budget and Audit Committee shall (1) annually review the long-range operating plans of all agencies of the state that perform lending or investment functions; (2) review periodic reports from all agencies of the state that perform lending or investment functions; (3) prepare a complete report of investment programs, plans, performance, and policies of […]
Sec. 24.20.209. Records.
The Legislative Budget and Audit Committee shall keep a complete file of all reports presented to it and all reports presented by it to the legislature or to a legislative committee.
Sec. 24.20.211. Legislative finance division.
The legislative finance division is established as a permanent staff agency responsible to the Legislative Budget and Audit Committee for performance of fiscal analysis and budget review functions.
Sec. 24.20.221. Staff.
(a) The committee shall hire and determine the salary of the legislative fiscal analyst who shall serve both at the direction and pleasure of the committee. The fiscal analyst shall serve as head of the finance division and, within the limits of the budget approved by the committee, shall employ and determine the compensation of […]
Sec. 24.20.231. Duties.
The legislative finance division shall (1) analyze the budget and appropriation requests of each department, institution, bureau, board, commission, or other agency of state government; (2) analyze the revenue requirements of the state; (3) provide the finance committees of the legislature with comprehensive budget review and fiscal analysis services; (4) cooperate with the office of […]
Sec. 24.20.235. Indirect expenditure report.
(a) Every two years, the legislative finance division shall deliver to the chair of the finance committee in each house of the legislature a report analyzing the indirect expenditure report created under AS 43.05.095 for the appropriate agencies listed in this subsection. The first review shall occur in the calendar year set out after each […]
Sec. 24.20.241. Legislative audit division.
The legislative audit division is established as a permanent staff agency responsible to the Legislative Budget and Audit Committee for completion of the post-audit function.
Sec. 24.20.251. Qualifications and appointment of legislative auditor.
(a) The legislative auditor shall be a certified public accountant of this state, or of another state having requirements equivalent to those of this state, with at least five years of practice in the profession, or the equivalent, before the appointment. (b) The Legislative Budget and Audit Committee shall examine persons to serve as legislative […]
Sec. 24.20.151. Legislative Budget and Audit Committee established.
The Legislative Budget and Audit Committee is established as a permanent interim committee of the legislature. The establishment of the committee recognizes the need of the legislature for full-time technical assistance in accomplishing the fiscal analysis, budget review, and post-audit functions.