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By: Paxton |
S.B. No. 1370 |
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(In the Senate - Filed March 1, 2023; March 16, 2023, read |
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first time and referred to Committee on Transportation; |
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May 2, 2023, reported adversely, with favorable Committee |
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Substitute by the following vote: Yeas 5, Nays 2, one present not |
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voting; May 2, 2023, sent to printer.) |
| Click here to see the committee vote |
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COMMITTEE SUBSTITUTE FOR S.B. No. 1370 |
By: King |
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A BILL TO BE ENTITLED
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AN ACT
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relating to information contained in the annual financial audit of |
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certain regional transportation authorities. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter J, Chapter 452, Transportation Code, |
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is amended by adding Section 452.453 to read as follows: |
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Sec. 452.453. DISAGGREGATION OF EXPENDITURES: CERTAIN |
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AUTHORITIES. The subregional board of an authority consisting of |
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one subregion governed by a subregional board created under |
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Subchapter O shall disaggregate expenditures by member |
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municipality in an annual financial report using a uniform |
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methodology that is proposed by the authority, provided to the |
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board, and approved by resolution of a simple majority of the member |
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municipalities' governing bodies. On request of a simple majority |
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of the member municipalities' governing bodies, the authority shall |
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propose a new methodology for disaggregating expenditures by member |
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municipality under this section. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2023. |
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* * * * * |