Bill Text: TX SB651 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to an audit of Major Events trust funds conducted by the state auditor.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2015-02-24 - Referred to Natural Resources & Economic Development [SB651 Detail]
Download: Texas-2015-SB651-Introduced.html
84R7675 YDB-F | ||
By: Taylor of Collin | S.B. No. 651 |
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relating to an audit of Major Events trust funds conducted by the | ||
state auditor. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. (a) The state auditor shall conduct an audit of | ||
a Major Events trust fund 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). In | ||
conducting the audit, the state auditor shall develop an audit plan | ||
and establish the scope and objectives of the audit consistent with | ||
generally accepted auditing standards and with other audits | ||
conducted by the state auditor under Chapter 321, Government Code. | ||
(b) The audit conducted under Subsection (a) of this section | ||
may determine whether money from a Major Events trust fund was: | ||
(1) deposited and disbursed in accordance with the | ||
purposes and in compliance with the requirements of Section 5A, | ||
Chapter 1507 (S.B. 456), Acts of the 76th Legislature, Regular | ||
Session, 1999 (Article 5190.14, Vernon's Texas Civil Statutes), and | ||
other applicable laws and standards; and | ||
(2) monitored to determine whether each person who | ||
received money from the fund complied with the terms of any | ||
applicable agreements and with Section 5A, Chapter 1507 (S.B. 456), | ||
Acts of the 76th Legislature, Regular Session, 1999 (Article | ||
5190.14, Vernon's Texas Civil Statutes), and other applicable laws | ||
and standards. | ||
(c) Consistent with generally accepted auditing standards | ||
and with other audits conducted by the state auditor under Chapter | ||
321, Government Code, the state auditor may assess the efficiency | ||
and effectiveness of disbursements made under a Major Events trust | ||
fund. | ||
(d) While conducting the audit under this section, the state | ||
auditor: | ||
(1) may require the assistance of an official or | ||
employee of an endorsing county, endorsing municipality, the | ||
comptroller, or any other state agency; and | ||
(2) is entitled to access all of the books, accounts, | ||
reports, vouchers, or other records of information of any county, | ||
municipality, state agency, or entity subject to audit, including | ||
access to all electronic data. | ||
(e) The state auditor shall prepare a report of the audit | ||
conducted under this section. Not later than January 1, 2017, 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 having primary jurisdiction over fiscal matters. | ||
The report may include: | ||
(1) details on the process for determining events | ||
eligible to receive funding from a Major Events trust fund; and | ||
(2) details on compliance by the recipients of money | ||
from a Major Events trust fund with the requirements of applicable | ||
laws and standards. | ||
SECTION 2. This Act expires September 1, 2017. | ||
SECTION 3. This Act takes effect September 1, 2015. |