Bill Text: TX HB28 | 2015-2016 | 84th Legislature | Comm Sub

Texas House Bill 28 (Prior Session Legislation)

Bill Title: Relating to an audit by the state auditor of certain programs and funds providing economic development incentives to entities and other persons.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2015-05-14 - Postponed [HB28 Detail]

Download: Texas-2015-HB28-Comm_Sub.html

	84R22516 CLG-D

	By: Button, Nevárez	H.B. No. 28

	Substitute the following for H.B. No. 28:

	By: Johnson	C.S.H.B. No. 28



	A BILL TO BE ENTITLED
	AN ACT
	relating to an audit by the state auditor of certain programs and
	funds providing economic development incentives to entities and
	other persons.

	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Chapter 321, Government Code, is amended by
	adding Section 321.0139 to read as follows:
	Sec. 321.0139. AUDIT OF CERTAIN ECONOMIC DEVELOPMENT
	PROGRAMS AND FUNDS. (a) Beginning September 1, 2015, once every 12
	years the state auditor shall conduct an audit of each of the
	following:
	(1) the rural economic development and investment
	program established under Section 12.0271, Agriculture Code; and
	(2) the young farmer grant program under Subchapter G,
	Chapter 58, Agriculture Code.
	(b) Beginning September 1, 2017, once every 12 years the
	state auditor shall conduct an audit of each of the following:
	(1) the agricultural biomass and landfill diversion
	incentive program established under Chapter 22, Agriculture Code;
	(2) the defense economic adjustment assistance grant
	program;
	(3) the agricultural loan guarantee program
	established under Subchapter E, Chapter 58, Agriculture Code;
	(4) the young farmer interest rate reduction program
	established under Subchapter F, Chapter 58, Agriculture Code; and
	(5) the interest rate reduction program established
	under Section 44.007, Agriculture Code.
	(c) Beginning September 1, 2019, once every 12 years the
	state auditor shall conduct an audit of each of the following:
	(1) the rural investment fund program under Section
	12.046, Agriculture Code;
	(2) the capital access program established under
	Subchapter BB, Chapter 481;
	(3) the linked deposit program established under
	Section 481.193;
	(4) the moving image industry incentive program under
	Subchapter B, Chapter 485;
	(5) the product development program under Subchapter
	D, Chapter 489;
	(6) the small business incubator program under
	Subchapter D, Chapter 489; and
	(7) the certified capital company program established
	under Chapter 228, Insurance Code.
	(d) Beginning September 1, 2021, once every 12 years the
	state auditor shall conduct an audit of each of the following:
	(1) the program to provide grants of money from the
	Texas Enterprise Fund under Section 481.078;
	(2) the program to provide disbursements from events
	trust funds established under Section 5C, Chapter 1507 (S.B. 456),
	Acts of the 76th Legislature, Regular Session, 1999 (Article
	5190.14, Vernon's Texas Civil Statutes), for event support
	contracts; and
	(3) the program to provide disbursements from major
	events trust funds established under Section 5A, Chapter 1507 (S.B.
	456), Acts of the 76th Legislature, Regular Session, 1999 (Article
	5190.14, Vernon's Texas Civil Statutes), for game support contracts
	or event support contracts.
	(e) Beginning September 1, 2023, once every 12 years the
	state auditor shall conduct an audit of each of the following:
	(1) the program to provide disbursements from motor
	sports racing trust funds established under Section 5B, Chapter
	1507 (S.B. 456), Acts of the 76th Legislature, Regular Session,
	1999 (Article 5190.14, Vernon's Texas Civil Statutes), for motor
	sports racing events support contracts or event support contracts;
	(2) the program to provide disbursements from special
	event trust funds established under Section 398.007, Local
	Government Code;
	(3) the program to provide allocations of money for
	emerging technology from the Texas emerging technology fund
	established under Chapter 490; and
	(4) the skills development fund program established
	under Chapter 303, Labor Code.
	(f) The state auditor may establish the scope of an audit
	and objective for an audit conducted under this section that are
	consistent with generally accepted government auditing standards
	and with other audits conducted by the state auditor under this
	chapter.
	(g) To the extent practicable, the state auditor may assess
	the efficiency and effectiveness of the program or fund subject to
	an audit under this section.
	(h) The state auditor shall prepare a report of each audit
	conducted under this section. Not later than the second anniversary
	of the date on which an audit required to be conducted under this
	section is scheduled to begin, the state auditor shall file the
	report with the lieutenant governor, the speaker of the house of
	representatives, and the presiding officer of each standing
	committee of the senate and house of representatives with primary
	jurisdiction over economic development.
	(i) The scheduling of the audits specified by this section
	is subject to a risk assessment in accordance with Chapter 321 and
	to inclusion in the annual audit plan under Section 321.013(c). If
	the state auditor determines that an exception to the schedule
	specified by this section is warranted, the state auditor shall
	notify the Legislative Audit Committee and each standing committee
	of the senate and house of representatives with primary
	jurisdiction over economic development of the reasons for the
	exception.
	SECTION 2. This Act takes effect September 1, 2015.