The State Auditor’s Office must arrange an outside review of the North Dakota Development Fund and share the results with lawmakers using one-time state funding.
An independent outside party must review how well the North Dakota Development Fund worked, including its processes, safeguards, and results.
The State Auditor’s Office must present the audit to the Legislative Audit and Fiscal Review Committee and Legislative Management.
The State Auditor’s Office receives up to $250,000 in one-time state funding for the outside audit, and may use only what the audit needs.
The State Auditor’s Office must hire an independent outside party to review the North Dakota Development Fund’s performance. The review must examine the fund’s economy, efficiency, and effectiveness, including its processes, controls, and results. The review covers July 1, 2019, through June 30, 2024. The State Auditor’s Office must receive the final report by August 1, 2026.
The State Auditor’s Office must present the audit report to lawmakers. The report must go to the Legislative Audit and Fiscal Review Committee and Legislative Management. The office must present it at the committee’s next meeting after receiving the report and to Legislative Management before September 30, 2026.
The state sets aside money for the State Auditor’s Office to pay for the performance audit. The money comes from the state general fund and goes to the State Auditor’s Office. The office may use only the amount needed, up to $250,000. The funding is for the two-year period from July 1, 2025, through June 30, 2027.
No hearings or votes scheduled.