DENVER – State Rep. B.J. Nikkel’s bill to require more transparency regarding state expenditures and transactions at the Colorado Department of Transportation was signed into law yesterday.
House Bill 1002 requires the Colorado Department of Transportation, CDOT, to develop and maintain an online database of its revenue and expenditure data by July 1, 2012. The new database must link to the state's existing Transparency Online Project, TOP, website, which was created by Nikkel’s HB 1288 in 2009.
“Coloradans deserve to know how every dollar they pay in taxes is spent by the state,” said Nikkel, R-Loveland. “With this bill being signed into law, the Colorado Department of Transportation joins the many other departments and divisions that are transparent about their spending.”
Currently, the Department of Personnel and Administration administers the TOP website. While most departments and divisions are required to explain details of any questionable expenditure, CDOT records its financial data in a separate financial reporting system, thereby giving TOP only aggregate data for the department.
House Bill 1002 was sponsored by State Sen. Mike Kopp, R-Littleton. HB 1002 passed unanimously in both the House and Senate. The law goes into effect on August 10, 2011.
###
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.