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- Alaska Statutes.
- Title 24. Legislature
- Chapter 20. Agencies of the Legislature
- Section 156. Purposes.
previous: Section 151
. Legislative Budget and Audit Committee Established.
next: Section 160
. [Repealed, Sec. 1 Ch 95 SLA 1971].
AS 24.20.156. Purposes.
The purposes of the Legislative Budget and Audit Committee include
- (1) monitoring and reporting
- (A) the performance of the agencies of the state that perform lending or investment functions,
- (B) the extent to which the performance of these agencies has contributed to the fiscal, financial, economic, and social
improvement of the state and its citizens,
- (C) the extent to which these agencies and the executive have prepared and coordinated short-term and long-term economic,
fiscal, investment, and financial planning;
- (2) holding these agencies accountable to statutory intent in their performance by recommending, where appropriate,
changes in policy to the agencies or changes in legislation to the legislature;
- (3) annually reviewing the extent of capitalization of the investment funds of the state and alternative investment policy
for the general fund surplus and recommending needed legislation.
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