H.B. No. 2586
 
 
 
 
AN ACT
  relating to an annual audit of the independent organization
  certified for the ERCOT power region.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subchapter D, Chapter 39, Utilities Code, is
  amended by adding Section 39.159 to read as follows:
         Sec. 39.159.  AUDIT OF INDEPENDENT ORGANIZATION CERTIFIED
  FOR ERCOT POWER REGION. (a) The commission annually shall have an
  independent audit made of each independent organization certified
  under Section 39.151 for the ERCOT power region.
         (b)  An audit under this section must examine:
               (1)  the independent organization's financial
  condition, including the organization's budget and expenses, and
  the salaries of the organization's employees and board members; and
               (2)  compliance of the independent organization's
  assets with all applicable commission standards.
         (c)  Not later than the 60th day after the date an audit under
  this section is completed the commission shall:
               (1)  publish the results of the audit on the
  commission's Internet website; and
               (2)  submit the results of the audit to the state
  auditor and members of the standing committees of the legislature
  with primary jurisdiction over the commission.
         SECTION 2.  This Act takes effect September 1, 2021.
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
 
         I certify that H.B. No. 2586 was passed by the House on April
  9, 2021, by the following vote:  Yeas 145, Nays 0, 1 present, not
  voting.
 
  ______________________________
  Chief Clerk of the House   
 
 
         I certify that H.B. No. 2586 was passed by the Senate on May
  11, 2021, by the following vote:  Yeas 30, Nays 0.
 
  ______________________________
  Secretary of the Senate    
  APPROVED:  _____________________
                     Date          
   
            _____________________
                   Governor