(2) The Secretary of State shall give notice of the petition to the governing body of the municipal corporation within 10 days of its receipt. Upon receipt of notice of the petition from the Secretary of State, the governing body or managing or executive officer of the municipal corporation shall immediately comply with the provisions of ORS 297.425. If a copy of a signed contract between the governing body or managing or executive officer and an accountant, or a duly authorized ordinance or resolution requesting an audit by the Secretary of State, is not received within 30 days of the dispatch of notice of petition, the Secretary of State shall cause an audit and review to be made of the accounts and fiscal affairs of the municipal corporation designated in the petition.
(3) The costs incurred by the Secretary of State in making the audit and review shall be borne by the municipal corporation, and shall be paid to the Secretary of State in the same manner as other claims against the municipal corporation. [1977 c.774 §6; 1987 c.143 §6; 2003 c.326 §1]
Structure 2021 Oregon Revised Statutes
Volume : 07 - Public Facilities and Finance
Chapter 297 - Audits of Public Funds and Financial Records
Section 297.020 - Functions and duties of Division of Audits; moneys available for use by division.
Section 297.030 - Audits, reviews and investigations; rules.
Section 297.076 - Audit plans.
Section 297.100 - Audit information in Governor’s budget; report.
Section 297.103 - Audit information in Secretary of State budget.
Section 297.110 - Definitions for ORS 297.120.
Section 297.250 - Filing of risk assessment or audit by state agency with Division of Audits.
Section 297.405 - Definitions for ORS 297.020, 297.230, 297.405 to 297.740 and 297.990.
Section 297.425 - Annual audits required; compensation; expenses; subjects of audits.
Section 297.435 - Exemption from audit; financial statement and bonding required.
Section 297.459 - Furnishing county audit reports to Department of Revenue.
Section 297.465 - Standards for audits; form; filing; extensions of time.
Section 297.471 - Secretary of State to prepare summary report.
Section 297.485 - Filing fees.
Section 297.527 - City utilities separate municipal corporations.
Section 297.530 - Subpoena authority of Secretary of State; enforcement; costs.
Section 297.535 - Division of Audits Account.
Section 297.680 - Rules for establishing and maintaining roster.
Section 297.710 - Removal of accountant from roster; reinstatement.
Section 297.760 - Establishment of local government waste hotline.