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Senate Bill 1390 |
Senate Author: Davis et al. |
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Effective: 9-1-13 |
House Sponsor: Davis, John et al. |
Senate Bill 1390 requires the state auditor to conduct an audit of the Texas Enterprise Fund. The bill authorizes the state auditor to establish the scope of the audit and objectives for the audit that are consistent with generally accepted government auditing standards and with other audits conducted by the state auditor. The bill authorizes the audit to determine whether money from the fund is disbursed in compliance with the requirements of the Government Code and other relevant laws or standards and is monitored to determine whether the persons or entities awarded from the fund comply with the terms of any applicable agreements and with the requirements of the Government Code and other relevant laws or standards. The bill authorizes the state auditor, consistent with those auditing standards and other audits, to assess the efficiency and effectiveness of the fund.
Senate Bill 1390 requires the state auditor to prepare a report of the audit of the Texas Enterprise Fund, sets out items that may be included in the report, and requires the auditor to file the report not later than January 1, 2015, with the lieutenant governor, the speaker of the house of representatives, and the presiding officer of each standing committee of the senate and house of representatives having primary jurisdiction over fiscal matters.