IC 5-28-3 and the corporation's funds, accounts, and financial
affairs; and
(2) department of financial institutions established by
IC 28-11-1-1 and the department's funds, accounts, and financial
affairs;
shall be examined biennially by the state board of accounts.
(d) On every examination under this section, inquiry shall be made
as to the following:
(1) The financial condition and resources of each municipality,
office, institution, or entity.
(2) Whether the laws of the state and the uniform compliance
guidelines of the state board of accounts established under section
24 of this chapter have been complied with.
(3) The methods and accuracy of the accounts and reports of the
person examined.
The examinations shall be made without notice.
(e) If during an examination of a state office under this chapter the
examiner encounters an inefficiency in the operation of the state office,
the examiner may comment on the inefficiency in the examiner's report.
(f) The state examiner, deputy examiners, any field examiner, or any
private examiner, when engaged in making any examination or when
engaged in any official duty devolved upon them by the state examiner,
is entitled to do the following:
(1) Enter into any state, county, city, township, or other public
office in this state, or any entity, agency, or instrumentality, and
examine any books, papers, documents, or electronically stored
information for the purpose of making an examination.
(2) Have access, in the presence of the custodian or the
custodian's deputy, to the cash drawers and cash in the custody of
the officer.
(3) During business hours, examine the public accounts in any
depository that has public funds in its custody pursuant to the
laws of this state.
(g) The state examiner, deputy examiner, or any field examiner,
when engaged in making any examination authorized by law, may issue
subpoenas for witnesses to appear before the examiner in person or to
produce books, papers, or other records (including records stored in
electronic data processing systems) for inspection and examination.
The state examiner, deputy examiner, and any field examiner may
administer oaths and examine witnesses under oath orally or by
interrogatories concerning the matters under investigation and
examination. Under the authority of the state examiner, the oral
examinations may be transcribed with the reasonable expense paid by
the examined person in the same manner as the compensation of the
field examiner is paid. The subpoenas shall be served by any person
authorized to serve civil process from any court in this state. If a
witness duly subpoenaed refuses to attend, refuses to produce
information required in the subpoena, or attends and refuses to be
sworn or affirmed, or to testify when called upon to do so, the examiner
may apply to the circuit court having jurisdiction of the witness for the
enforcement of attendance and answers to questions as provided by the
law governing the taking of depositions.".
Renumber all SECTIONS consecutively.
(Reference is to HB 1001 as printed February 21, 2011.)