budget procedures; late filing penalty

Establishes a mandatory deadline of October 31 for organizations to submit accurate and complete final financial statements to the department of administration.

Establishes a mandatory deadline of December 31 for organizations receiving federal monies to submit final federal expenditure or program information.

Creates a late filing penalty of one-twelfth of one percent (0.083%) of the organization's state general fund appropriation for every 30 days the submission is late.

Limits the total annual penalty to a maximum of $8,000,000 or one percent of the organization's appropriation, whichever is less.

Authorizes the department of administration to withhold the assessed penalty amount directly from the organization's state general fund appropriation allotment schedule.

Removed formatting markers and page headers from the original introduced version to create the final engrossed text.