CHAPTER 263

FORMERLY

SENATE BILL NO. 343

AN ACT TO AMEND CHAPTER 29, TITLE 29 OF THE DELAWARE CODE RELATING TO THE DUTIES OF THE AUDITOR OF ACCOUNTS,

WHEREAS, the Congress of the United States enacted the "Single Audit Act of 1984," Public Law 98-502; and

WHEREAS, one of the provisions of the Act calls for the audits of recipients of federal funds to be made annually unless the State has, by January 1, 1987, a statutory requirement for less frequent audits; and

WHEREAS. it has been the practice of the Auditor of Accounts to conduct audits biennially for at least the last 25 years due to staffing limitations.

NOW THEREFORE:

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:

Section 1. Amend Chapter 29, Title 29 of the Delaware Code by striking g2906(a) in its entirety and substituting in lieu thereof the following:

"(a) The Auditor of Account shall conduct postaudits of aU the financial transactions of all state agencies. Insofar as possible the audits shall be made no less frequently than biennially."

Approved May 9, 1986,