82R24484 TRH-F
By: Paxton, Anchia, Rodriguez, H.B. No. 1636
Taylor of Galveston
Substitute the following for H.B. No. 1636:
By: Davis of Dallas C.S.H.B. No. 1636
A BILL TO BE ENTITLED
AN ACT
relating to certain financial requirements of certain toll project
entities.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter B, Chapter 372, Transportation Code,
is amended by adding Sections 372.054 and 372.055 to read as
follows:
Sec. 372.054. ANNUAL AUDIT. (a) In this section, "toll
project entity" does not include the department.
(b) A toll project entity shall have an annual audit of the
affairs of the toll project entity prepared by an independent
certified public accountant or a firm of independent certified
public accountants.
Sec. 372.055. ELECTRONIC CHECKING ACCOUNT TRANSACTION
REGISTER. (a) In this section, "toll project entity" does not
include the department.
(b) Except as provided by Subsection (f), a toll project
entity shall designate a person to maintain an electronic checking
account transaction register for the entity's checking account.
The register must:
(1) be in a searchable, electronic spreadsheet format;
and
(2) be available without a fee for viewing and
downloading by the public at all times on the entity's Internet
website.
(c) The electronic checking account transaction register
must include for each expense transaction from the toll project
entity's account:
(1) the transaction amount;
(2) the name of the payee; and
(3) a statement describing the purpose of the
expenditure.
(d) A toll project entity may not include in the entity's
electronic checking account transaction register a check issued to
an entity employee in payment of salary, wages, or an employment
stipend.
(e) A toll project entity shall:
(1) update the electronic checking account
transaction register at least once each month, not later than the
30th day after the closing date of the most recent monthly statement
for the checking account; and
(2) maintain each transaction or listing in the
electronic checking account transaction register on the entity's
Internet website until the first anniversary of the date of the
transaction or listing.
(f) The person designated to maintain the electronic
checking account transaction register under Subsection (b) may
consult with the comptroller in developing the register.
SECTION 2. A toll project entity required to maintain an
electronic checking account transaction register under Section
372.055, Transportation Code, as added by this Act, shall make the
register available for public viewing or downloading not later than
January 1, 2012. The register must contain the information
required by Section 372.055(c), Transportation Code, as added by
this Act, with regard to each transaction occurring on or after the
effective date of this Act.
SECTION 3. This Act takes effect September 1, 2011.