Amend SB 2 (senate committee printing) in SECTION 4 of the bill, following added Section 230.0532, Insurance Code (page 7, between lines 30 and 31), by inserting the following:
Sec. 230.0533. RANDOM AUDITING OF SCHOLARSHIP AND EDUCATIONAL EXPENSE ASSISTANCE RECIPIENTS. (a) The comptroller shall contract with a private entity to randomly audit recipients of scholarships and educational expense assistance as necessary to ensure compliance with applicable law and the requirements of this chapter.
(b) In auditing a scholarship or educational expense assistance recipient, the comptroller or private entity may require that the recipient provide additional information and documentation regarding any payment made using scholarship or educational expense assistance funds.
(c) The private entity shall report to the comptroller any violation of this chapter or other relevant law found by the entity during an audit conducted under this section.