00                      CS FOR HOUSE BILL NO. 110(L&C)                                                                    
01 "An Act amending the powers and duties of the legislative audit division regarding the                                  
02 Regulatory Commission of Alaska; amending annual report requirements for the                                            
03 Regulatory Commission of Alaska; extending the termination date for the Regulatory                                      
04 Commission of Alaska; and providing for an effective date."                                                             
05 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
06    * Section 1. AS 24.20.271 is amended to read:                                                                      
07            Sec. 24.20.271. Powers and duties. The legislative audit division shall                                    
08                 (1)  conduct a performance post-audit of boards and commissions                                         
09       designated in AS 44.66.010 and of those programs and activities of agencies subject to                            
10       termination as determined in the manner set out in AS 44.66.020 and 44.66.030, and                                
11       make the audit, together with a written report, available to the legislature not later than                       
12       the first day of the regular session of the legislature convening in each year set out                            
13       with reference to boards, commissions, or agency programs whose activities are                                    
14       subject to termination as prescribed in AS 44.66; the division shall notify the                                   

01       legislature that the audit and report are available;                                                              
02                 (2)  audit at least once every three years the books and accounts of all                                
03       custodians of public funds and all disbursing officers of the state;                                              
04                 (3)  at the direction of the Legislative Budget and Audit Committee,                                    
05       conduct performance post-audits on any agency of state government;                                                
06                 (4)  cooperate with state agencies by offering advice and assistance as                                 
07       requested in establishing or improving the accounting systems used by state agencies;                             
08                 (5)  require the assistance and cooperation of all state officials and                                  
09       other state employees in the inspection, examination, and audit of state agency books                             
10       and accounts;                                                                                                     
11                 (6)  have access at all times to the books, accounts, reports, or other                                 
12       records, whether confidential or not, of every state agency;                                                      
13                 (7)  ascertain, as necessary for audit verification, the amount of agency                               
14       funds on deposit in any bank as shown on the books of the bank; no bank may be held                               
15       liable for making information required under this paragraph available to the legislative                          
16       audit division;                                                                                                   
17                 (8)  complete studies and prepare reports, memoranda, or other                                          
18       materials as directed by the Legislative Budget and Audit Committee;                                              
19                 (9)  have direct access to any information related to the management of                                 
20       the University of Alaska and have the same right of access as exists with respect to                              
21       every other state agency;                                                                                     
22                 (10)  conduct an audit every two years of information found in the                                  
23       annual reports required under AS 42.05.211 and AS 42.06.220 regarding                                         
24       compliance by the Regulatory Commission of Alaska with the requirements of                                    
25       AS 42.05.175(a) - (e) and of the timeline extensions made by the commission                                   
26       under AS 42.05.175(f), and of other performance measures adopted by the                                       
27       commission.                                                                                                   
28    * Sec. 2. AS 42.05.211 is repealed and reenacted to read:                                                          
29            Sec. 42.05.211. Annual report. The commission shall, by November 15 of                                     
30       each year, publish an annual report reviewing its activities during the previous fiscal                           
31       year and notify the legislature that the report is available. The report must address the                         

01       regulation of public utility service in the state as of June 30 and must contain details                          
02       about the commission's compliance with the requirements of AS 42.05.175(a) - (e),                                 
03       with the timeline extensions made by the commission under AS 42.05.175(f), and with                               
04       other performance measures established by the commission.                                                         
05    * Sec. 3. AS 42.06.220 is repealed and reenacted to read:                                                          
06            Sec. 42.06.220. Annual report. The commission shall, by November 15 of                                     
07       each year, publish an annual report reviewing its activities during the previous fiscal                           
08       year and notify the legislature that the report is available. The report must address the                         
09       regulation of oil and gas pipeline facilities in the state as of June 30 and must contain                         
10       details about the commission's compliance with performance measures reported by the                               
11       commission.                                                                                                       
12    * Sec. 4. AS 44.66.010(a)(3) is amended to read:                                                                   
13                 (3)  Regulatory Commission of Alaska (AS 42.04.010) - June 30, 2011                                 
14       [2007];                                                                                                           
15    * Sec. 5. Section 1 of this Act takes effect January 1, 2009.                                                      
16    * Sec. 6. Sections 2 and 3 of this Act take effect January 1, 2008.                                                
17    * Sec. 7. Section 4 of this Act takes effect immediately under AS 01.10.070(c).