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A BILL TO BE ENTITLED
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AN ACT
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relating to an audit of Major Events trust funds conducted by the |
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state auditor. |
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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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a Major Events trust fund established under Section 5A, Chapter |
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1507 (S.B. 456), Acts of the 76th Legislature, Regular Session, |
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1999 (Article 5190.14, Vernon's Texas Civil Statutes). In |
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conducting the audit, the state auditor shall develop an audit plan |
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and establish the scope and objectives of the audit consistent with |
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generally accepted auditing standards and with other audits |
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conducted by the state auditor under Chapter 321, Government Code. |
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(b) The audit conducted under Subsection (a) of this section |
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may determine whether money from a Major Events trust fund was: |
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(1) deposited and disbursed in accordance with the |
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purposes and in compliance with the requirements of Section 5A, |
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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), and |
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other applicable laws and standards; and |
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(2) monitored to determine whether each person who |
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received money from the fund complied with the terms of any |
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applicable agreements and with Section 5A, Chapter 1507 (S.B. 456), |
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Acts of the 76th Legislature, Regular Session, 1999 (Article |
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5190.14, Vernon's Texas Civil Statutes), and other applicable laws |
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and standards. |
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(c) Consistent with generally accepted auditing standards |
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and with other audits conducted by the state auditor under Chapter |
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321, Government Code, the state auditor may assess the efficiency |
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and effectiveness of disbursements made under a Major Events trust |
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fund. |
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(d) While conducting the audit under this section, the state |
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auditor: |
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(1) may require the assistance of an official or |
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employee of an endorsing county, endorsing municipality, the |
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comptroller, or any other state agency; and |
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(2) is entitled to access all of the books, accounts, |
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reports, vouchers, or other records of information of any county, |
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municipality, state agency, or entity subject to audit, including |
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access to all electronic data. |
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(e) The state auditor shall prepare a report of the audit |
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conducted under this section. Not later than January 1, 2017, 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 process for determining events |
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eligible to receive funding from a Major Events trust fund; and |
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(2) details on compliance by the recipients of money |
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from a Major Events trust fund with the requirements of applicable |
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laws and standards. |
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SECTION 2. This Act expires September 1, 2017. |
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SECTION 3. This Act takes effect September 1, 2015. |