AN ACT REQUIRING ANNUAL AUDITS OF ORGANIZATIONS THAT RECEIVE STATE FUNDING.

SB 15 requires all organizations receiving state funding to undergo an annual financial audit. This applies directly to nonprofits, contractors, educational institutions, and other groups that receive money from the state government. The bill mandates these audits as a standard requirement but does not specify audit standards, conductors, or enforcement consequences. The purpose is to ensure transparency in how state funds are used. (1 of 1)