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Senate committee advances bill to let cities, counties use electronic transfers without preapproval
Summary
The City, County & Local Affairs Committee advanced HB 12‑62 to remove a preapproval requirement by the Legislative Joint Audit Committee for local electronic funds transfers, replacing it with a requirement that local governments adopt written policies that meet audit best practices.
Senator Raipord presented House Bill 12‑62 to the City, County & Local Affairs Committee and said the bill removes the Legislative Joint Audit Committee’s role in preapproving specific types of electronic funds transfers used by cities and counties and instead requires written policies that conform to legislative audit best practices. "It's needed…
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