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A BILL TO BE ENTITLED
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AN ACT
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relating to an audit by the state auditor and a study by the |
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comptroller of the events trust funds. |
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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 to |
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determine the efficiency and effectiveness of funding events |
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through an events trust fund authorized under Section 5, 5A, 5B, or |
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5C, Chapter 1507 (S.B. 456), Acts of the 76th Legislature, Regular |
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Session, 1999 (Article 5190.14, Vernon's Texas Civil Statutes). |
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(b) The audit, at a minimum, must determine whether money |
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from an events trust fund is efficiently and effectively: |
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(1) disbursed in compliance with Section 5, 5A, 5B, or |
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5C, Chapter 1507 (S.B. 456), Acts of the 76th Legislature, Regular |
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Session, 1999 (Article 5190.14, Vernon's Texas Civil Statutes), as |
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applicable, the Government Code, and other relevant laws or |
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standards; |
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(2) monitored so that the event and the persons and |
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entities that receive money from the fund comply with the terms of |
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applicable agreements and with the applicable sections of Chapter |
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1507, the Government Code, and other relevant laws or standards; |
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and |
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(3) maintained to provide adequate financial control |
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systems and to ensure accountability for use of the money. |
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(c) 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 electronically file a copy of the report with |
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the lieutenant governor, the speaker of the house of |
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representatives, and the presiding officer of each standing |
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committee of the senate and house of representatives having primary |
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jurisdiction over fiscal matters or matters related to tourism or |
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recreation. The report must include details on: |
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(1) the process for approving the disbursement of |
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money through an events trust fund; and |
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(2) the degree to which past and present recipients of |
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money from the funds have complied with the terms of event |
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agreements and with the applicable sections of Chapter 1507, the |
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Government Code, and other relevant laws or standards. |
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SECTION 2. (a) The comptroller of public accounts shall |
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conduct a study to determine: |
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(1) the economic impact of the events that qualify for |
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funding through an events trust fund; and |
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(2) whether the events would likely be held in this |
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state in the absence of the incentives provided through the fund. |
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(b) The comptroller of public accounts shall prepare a |
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report of the findings from the study conducted under this section. |
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Not later than January 1, 2015, the comptroller shall |
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electronically file a copy of the report with the lieutenant |
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governor, the speaker of the house of representatives, and the |
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presiding officer of each standing committee of the senate and |
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house of representatives having primary jurisdiction over fiscal |
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matters or matters related to tourism or recreation. |
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SECTION 3. This Act expires September 1, 2015. |
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SECTION 4. This Act takes effect September 1, 2013. |