[§23-13]  Hawaii tourism authority; audit. (a)  The auditor shall conduct at least every five years a management andfinancial audit of all contracts or agreements awarded by the Hawaii tourismauthority to a major contractor to determine if the authority and its majorcontractors are in compliance with all relevant programmatic and financialrequirements.  The first audit shall be conducted within one year of July 1,2002.  These audits shall include but not be limited to a review of thefollowing:

(1)  The responsibilities, services, and activities ofall major contractors;

(2)  The propriety of expenditures;

(3)  Compliance by all major contractors with any lawsand rules that may be in effect;

(4)  The management and oversight of all majorcontractors by the authority; and

(5)  Any additional audit issues that the auditordeems appropriate.

(b)  The authority and any private companies oragencies receiving state funds shall fully cooperate with and provideassistance to the auditor as needed with respect to its audit, and shallrespond promptly to the auditor's requests in conducting this audit, includingproviding for records and other information requested in the course of theaudit.

(c)  The authority shall compensate the auditorfor expenditures incurred by the auditor in conducting the management andfinancial audit.

(d)  The auditor shall submit its findings andrecommendations to the legislature no later than twenty days before theconvening of the regular session following the year in which the audit isconducted.

(e)  For purposes of this section, "majorcontractor" means any contractor to whom a contract or agreement has beenawarded that is valued in excess of $15,000,000. [L 2002, c 143, §1]

 

Revision Note

 

  "July 1, 2002" substituted for "the effectivedate of this Act".