Amends audit compliance requirements for municipalities' contributions to pension plans.

This bill amends the audit compliance requirements for municipalities' contributions to pension plans under the budget of accounts and installation of systems chapter. It mandates that for any audit year in which a municipality contributes less than 100% of the required actuarially determined contribution to its pension plan(s), the municipality must submit its most recent actuarial study to the auditor general and the director of revenue within three months of the annual audited financial statement.

Amends audit compliance requirements for municipalities' contributions to pension plans.

This bill amends the audit compliance requirements for municipalities' contributions to pension plans under the budget of accounts and installation of systems chapter. It mandates that for any audit year in which a municipality contributes less than 100% of the required actuarially determined contribution to its pension plan(s), the municipality must submit its most recent actuarial study to the auditor general and the director of revenue within three months of the annual audited financial statement.