§ 2-432. Oversight board powers.

The oversight board shall have the following powers:

(1)

To monitor, inspect, investigate, and audit all aspects of the receipt, deposit, investment, disbursement, expenditure, and other use of sales tax proceeds;

(2)

To monitor, inspect, investigate, and audit all aspects of the financing, planning, and construction of infrastructure and the acquisition of land where the costs thereof have been paid or are to be paid directly or indirectly, in whole or in part, with sales tax proceeds;

(3)

To monitor, inspect, investigate, and audit compliance by the county, Orlando, and any and all other municipalities and other agencies receiving and expending tax revenues with the requirements and restrictions imposed by Florida law, the sales tax ordinance, the project list, and any interlocal agreements and, jointly with the county comptroller, to recommend sanctions in connection with any noncompliance;

(4)

To acquire for review and inspection and audit such pertinent reports, contracts, invoices, and other public records of the county, Orlando, and all other municipalities and other agencies receiving sales tax proceeds;

(5)

To initiate audits from time to time as the oversight board may see fit in the course of exercising its other powers and duties under this article; and

(6)

To exercise any other powers, authority, or rights granted directly or indirectly to the oversight board by the sales tax ordinance and any agreements governing the use of sales tax proceeds.

(Ord. No. 2003-06, § 14, 5-20-03)