Senate Bill No. 362–Senators Titus and Care

 

March 17, 2003

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Referred to Committee on Legislative Affairs and Operations

 

SUMMARY—Requires Legislative Auditor to conduct audit of Las Vegas Monorail Company. (BDR S‑573)

 

FISCAL NOTE:  Effect on Local Government: No.

                           Effect on the State: No.

 

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.

 

AN ACT relating to transportation; requiring the Legislative Auditor to conduct an audit of the Las Vegas Monorail Company; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN

SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

 

1-1  Section 1. 1.  The Legislative Auditor shall conduct an audit

1-2  of the Las Vegas Monorail Company. The audit must include an

1-3  examination of the methods and procedures used to ensure that all

1-4  money obtained through financing authorized by the State of

1-5  Nevada is expended solely for the purposes of the financed project.

1-6  2.  The Legislative Auditor shall present a final written report

1-7  of the audit to the Audit Subcommittee of the Legislative

1-8  Commission not later than February 7, 2005.

1-9  3.  To the extent that the provisions of NRS 218.737 to

1-10  218.890, inclusive, are consistent with the requirements of this

1-11  section, those provisions apply to the audit conducted pursuant to

1-12  this section. For the purposes of this section, the Las Vegas

1-13  Monorail Company shall be deemed an agency of the State.

1-14      4.  Upon the request of the Legislative Auditor or his authorized

1-15  representative, the officers and employees of the Las Vegas

1-16  Monorail Company shall make available to the Legislative Auditor

1-17  any of their books, accounts, claims, reports, vouchers or other

1-18  records of information, confidential or otherwise and irrespective of

2-1  their form or location, which the Legislative Auditor deems

2-2  necessary to conduct the audit required by this section.

2-3  5.  The Las Vegas Monorail Company shall, within 6 months

2-4  after the period for the submission of a plan for corrective action

2-5  pursuant to paragraph (c) of subsection 1 of NRS 218.8235, submit

2-6  to the Legislative Auditor a report specifying the extent to which the

2-7  recommendations of the Legislative Auditor have been carried out,

2-8  the extent to which the recommendations have not been carried out

2-9  and the reasons for any failure to carry out the recommendations.

2-10      Sec. 2. 1.  Upon the request of the Legislative Auditor, the

2-11  Las Vegas Monorail Company shall transfer to the Audit Division

2-12  of the Legislative Counsel Bureau the sum of $50,000 to carry out

2-13  the provisions of section 1 of this act.

2-14      2.  Any remaining balance of the sum transferred pursuant to

2-15  subsection 1 must not be committed for expenditure after

2-16  February 7, 2005, and must be transferred to the Las Vegas

2-17  Monorail Company as soon as all payments of money committed

2-18  have been made.

2-19      Sec. 3. This act becomes effective on July 1, 2003.

 

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