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A BILL TO BE ENTITLED
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AN ACT
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relating to state audits of a regional mobility authority that |
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receives a grant or loan from the Texas Department of |
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Transportation. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter G, Chapter 370, Transportation Code, |
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is amended by adding Section 370.318 to read as follows: |
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Sec. 370.318. AUDIT REQUIREMENT FOR DEPARTMENT GRANT OR |
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LOAN. The department may not make a grant or loan to an authority |
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for a transportation project unless the authority agrees in writing |
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to allow state audits of the authority at any time until the |
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completion of the transportation project for which the funds are |
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granted or loaned at the discretion of the state auditor's office or |
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on a majority vote of a standing legislative committee with primary |
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jurisdiction over transportation. |
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SECTION 2. This Act applies only to a grant or loan |
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agreement that is entered into on or after the effective date of |
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this Act. A grant or loan agreement that is entered into before the |
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effective date of this Act is governed by the law in effect on the |
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date the agreement was entered into, and the former law is continued |
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in effect for that purpose. |
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SECTION 3. This Act takes effect September 1, 2017. |