Honorable John Davis, Chair, House Committee on Economic & Small Business Development
Ursula Parks, Director, Legislative Budget Board
SB1390 by Davis (Relating to an audit by the state auditor of the Texas Enterprise Fund.), Committee Report 2nd House, Substituted
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The bill would require the State Auditor to conduct an audit of the Texas Enterprise Fund established under Section 481.078, Government Code. The bill would allow the State Auditor to establish the scope of the audit and objectives consistent with standards identified in the bill. The bill would establish that the audit may determine whether money from the fund is disbursed in compliance with the requirements of the Government Code and other relevant laws or standards; monitored to determine whether the persons or entities awarded money from the fund comply with terms of any applicable agreements and with requirements of the Government Code and other relevant laws or standards; and maintained in a manner that provides adequate financial control systems to ensure accountability for the proper use of disbursed money. The bill would also allow, as practicable, the State Auditor to assess the efficiency and effectiveness of the Texas Enterprise Fund. The bill would require the State Auditor to prepare and file the audit report under parameters established in the bill with the Lieutenant Governor, the Speaker of the House of Representatives, and the presiding officer of each standing committee of the Senate and the House of Representatives having primary jurisdiction over fiscal matters.
The bill would take effect September 1, 2013, and would expire September 1, 2015.
308 State Auditor's Office, 301 Office of the Governor
UP, RB, MW