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AN ACT
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relating to an audit by the state auditor of the Texas Enterprise |
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Fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. (a) The state auditor shall conduct an audit of |
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the Texas Enterprise Fund established under Section 481.078, |
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Government Code. The state auditor may establish the scope of the |
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audit and objectives for the audit that are consistent with |
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generally accepted government auditing standards and with other |
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audits conducted by the state auditor under Chapter 321, Government |
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Code. |
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(b) The audit may determine whether money from the fund is: |
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(1) disbursed in compliance with the requirements of |
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Section 481.078, Government Code, and other relevant laws or |
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standards; and |
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(2) monitored to determine whether the persons or |
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entities awarded money from the fund comply with the terms of any |
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applicable agreements and with the requirements of Section 481.078, |
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Government Code, and other relevant laws or standards. |
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(c) Consistent with generally accepted government auditing |
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standards and with other audits conducted by the state auditor |
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under Chapter 321, Government Code, the state auditor may assess |
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the efficiency and effectiveness of the Texas Enterprise Fund. |
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(d) The state auditor shall prepare a report of the audit |
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conducted under this section. Not later than January 1, 2015, the |
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state auditor shall file the report with the lieutenant governor, |
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the speaker of the house of representatives, and the presiding |
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officer of each standing committee of the senate and house of |
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representatives having primary jurisdiction over fiscal matters. |
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The report may include: |
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(1) details on the grant approval process; |
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(2) details on the compliance of past and present |
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grant recipients with the terms of applicable agreements and with |
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the requirements of the Government Code and other relevant laws or |
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standards; |
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(3) a synopsis of grant agreements that have been |
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amended to reduce the job creation goals established in the |
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original agreement or to extend the time allotted to achieve job |
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creation goals; and |
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(4) an itemization of grant money returned to this |
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state, including a summary of the reasons the money was returned. |
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SECTION 2. This Act expires September 1, 2015. |
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SECTION 3. This Act takes effect September 1, 2013. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I hereby certify that S.B. No. 1390 passed the Senate on |
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April 16, 2013, by the following vote: Yeas 26, Nays 3; and that |
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the Senate concurred in House amendments on May 23, 2013, by the |
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following vote: Yeas 28, Nays 3. |
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______________________________ |
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Secretary of the Senate |
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I hereby certify that S.B. No. 1390 passed the House, with |
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amendments, on May 20, 2013, by the following vote: Yeas 145, |
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Nays 0, two present not voting. |
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______________________________ |
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Chief Clerk of the House |
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Approved: |
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______________________________ |
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Date |
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______________________________ |
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Governor |