Senate Bill Would Stop States From Punishing People at Work for Missed Student Loans

Governing | March 05, 2019

Senate Bill Would Stop States From Punishing People at Work for Missed Student Loans
Some states can revoke your job license if you fall behind. Democratic Sen. Elizabeth Warren and Republican Sen. Marco Rubio introduced legislation that would outlaw that practice. States would be banned from denying driver's licenses and job licenses to people for falling behind on their student loan payments under bipartisan legislation introduced last week in the U.S Senate.

Spotlight

The Federal Government requires the State of Utah to have an entity-wide audit of its financial statements and its federal programs as a condition of receiving federal financial assistance. The federally-required audit is commonly referred to as the “single audit.” The single audit focuses on testing compliance with laws and regulations and testing related internal control over compliance for major programs. The requirements for performing the single audit are stated in the U.S. Office of Management and Budget (OMB) Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. OMB Circular A-133 requires a risk-based approach to auditing federal programs. Under the risk-based approach, programs are classified as Type A or Type B programs based on a dollar level computed in accordance with Circular A-133. Type A programs for the State are those programs which exceeded $15,350,000 in federal awards expended for the fiscal year ended June 30, 2014. All other programs are classified as Type B. For the year ended June 30, 2014, 24 Type A and 7 Type B programs were audited as major programs in accordance with OMB Circular A-133 requirements.

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Carahsoft | February 17, 2021

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Spotlight

The Federal Government requires the State of Utah to have an entity-wide audit of its financial statements and its federal programs as a condition of receiving federal financial assistance. The federally-required audit is commonly referred to as the “single audit.” The single audit focuses on testing compliance with laws and regulations and testing related internal control over compliance for major programs. The requirements for performing the single audit are stated in the U.S. Office of Management and Budget (OMB) Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. OMB Circular A-133 requires a risk-based approach to auditing federal programs. Under the risk-based approach, programs are classified as Type A or Type B programs based on a dollar level computed in accordance with Circular A-133. Type A programs for the State are those programs which exceeded $15,350,000 in federal awards expended for the fiscal year ended June 30, 2014. All other programs are classified as Type B. For the year ended June 30, 2014, 24 Type A and 7 Type B programs were audited as major programs in accordance with OMB Circular A-133 requirements.