Concerning The Authority Of The State Auditor To Audit The Use Of State Gaming Tax Revenues Transferred From The State Historical Fund Directly To The Gaming Cities For Historic Preservation.
The bill provides the state auditor authority to conduct postaudits and performance audits related to the specific amount of the limited gaming fund that is transferred to the state historical fund for the preservation and restoration of the city of Central, the city of Black Hawk, and the city of Cripple Creek in order to ascertain:
- How the city of Central, the city of Black Hawk, and the city of Cripple Creek are spending their distributions and whether such expenditures are being used for the preservation and restoration of each city; and
- Whether the city of Central, the city of Black Hawk, and the city of Cripple Creek have adopted and are following the required statutory standards for distribution of grants from each city's share.
The bill grants the state auditor the continuing authority to audit this subject whenever the state auditor or the legislative audit committee deems it appropriate.