Pickering praises passage of new auditing legislation
by MBJ Staff
Published: March 13,2014
Tags: audit, auditor, Beef Processors Plant, economic development, Mississippi Development Authority, Mississippi Legislature, Office of State Auditor, Phil Bryant, Stacey Pickering, state agency, state auditor, state government, State of Mississippi
JACKSON — Legislation allowing the State Auditor’s Office to conduct compliance and performance audits on state-funded economic development bond programs has unanimously passed both the House of Representatives and Senate.
It is now on its way to Gov. Phil Bryant, who has supported the need for such legislation since his service as state auditor, according to the Office of State Auditor.
House Bill 1318 allows the auditor to audit programs administered by the Mississippi Development Authority (MDA) that heretofore have had little or no independent, third-party, oversight even though they all utilize taxpayer money. One such previously unaudited program helped fund the failed Beef Processors Plant in Yalobusha County.
State Auditor Stacey Pickering said, “This is good-government legislation, which will allow my office to work with MDA to conduct necessary audits of projects beyond the Mississippi Major Economic Impact Act, hence further protecting Mississippi taxpayers.”
Since 2009, several hundred million dollars in incentives have been awarded by MDA that the state auditor has not had the authority to audit.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- NEW IN MADISON COUNTY — Mississippi Bio-Medical Business Collaboratory to be introduced Friday
- Mississippi Film Studios signs contract with New Orleans company
- MDOT cutting more than 40 jobs in Right-of-Way Division
- Granddaughter of Barq's Root Beer founder dies at 90
- GreenTech holds grand opening of neighborhood electric vehicle plant
- Turner Grain’s transition will help consolidate lawsuits alleging breach of contract
- Mars Food expanding Delta plant; investing $31M and adding jobs
- Board authorizes sale of company that owns Silver Slipper Casino
- JRA plans image makeover, hires crisis manager