Yesterday’s Brief focused on the requirements in Act 11, Section 207 that calls on the ICA (oversight board) to complete an annual report and have an independent audit completed and, together, submit them to the majority and minority chairs of the Appropriations Committees in both chambers of the General Assembly. In addition, there is to be a financial statement published in the PA Bulletin. These requirements were severely lacking.
Based on the search warrant that appeared in published newspaper reports yesterday, it appears that the City’s attorney in the ICA litigation was also asked to inquire into the status of the reports as far as whether they were published in the PA Bulletin. Their inquiry found no record of the concise statements.
