Introduced by Rep. Rick Jones (R) on April 25, 2006, to require audited financial disclosure reports from government entities engaged in commercial activity, which means providing goods or services that can normally be obtained from private enterprises. The disclosure would have to show all income and expenditures. Grants (subsidies) from the public entity could not be counted as income, and expenses would have to show a proportionate share of common expenses shared with other government agencies, such as utility costs, supplies, repair and replacement costs, insurance of all types, employee compensation, employee benefits, payroll taxes, debt service, and depreciation of all types. Full Text and Analysis.
Referred to the House Government Operations Committee on April 25, 2006.