SB 771 - This act requires auditees to comply with recommendations made by the auditor regarding a lack of prudent internal accounting and management controls which allow a shortage of money in excess of $500 to occur or remain undetected. Failure to correct this lack of controls within 6 months from the date the report was issued shall result in the official being charged with a Class A misdemeanor. If the punishment is simply a fine, then payment of the fine can be made from the bond that the official has posted. However, if the official has made a "gain" from the lack of controls, then the official shall pay the fine.
JAMES KLAHR