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2021 Statute

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74-8778. Same; contracts for audit work; requirements; responsibilities of selected firm. (a) Each contract for an audit required by K.S.A. 74-8774, and amendments thereto, entered into under K.S.A. 74-8776 and 74-8777, and amendments thereto, shall be entered into between the executive director of the Kansas lottery and the firm or firms selected to perform the audit. Each such contract shall require the firm or firms selected to submit evidence that is satisfactory to the Kansas lottery audit contract committee that the firm has general professional liability insurance or specific liability insurance that is adequate for such audit.

(b) In addition to the requirements in subsection (a), each such contract for audit services shall specify the responsibilities undertaken by the firm selected to perform such audit and such firm shall be responsible for all material errors and omissions in the performance of such contract.

(c) Such contracts shall not be subject to the provisions of K.S.A. 75-3739 or 75-37,102 or K.S.A. 75-37,130 through 75-37,135, and amendments thereto.

History: L. 2018, ch. 89, § 5; May 24.

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2024. Powered by KLISS. Rendered: 2024-05-25T10:39:08. Head Rev No: 893617(E)