Expands audit powers of State Auditor; requires online publication of certain materials; requires performance review audits of certain business incentive programs.
This bill expands the State Auditor's authority to audit state agencies and entities receiving state funds, requiring biennial performance reviews of all New Jersey Economic Development Authority (EDA) business incentive programs. It mandates that the State Auditor publish all audit reports online for 14 days on the legislature's website and maintain a dedicated webpage for public access. The bill directly affects the State Auditor (who gains new powers), the EDA (which must undergo regular reviews), and businesses receiving state financial incentives like grants, tax credits, or loans. Key provisions include requiring the EDA to be audited every two years on programs supporting businesses - such as film production - and requiring agencies to provide prompt access to records for audits.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2026
Last action Jan 13, 2026
Floor votes
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Full legislative history
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Total actions
1
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Committee
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Jan 13, 2026
Introduced
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Joe Pennacchio
RRepublican
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