83R10442 DDT-D
By: Davis S.B. No. 1390
A BILL TO BE ENTITLED
AN ACT
relating to an audit by the state auditor of the Texas Enterprise
Fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. (a) The state auditor shall conduct an audit to
determine the efficiency and effectiveness of the Texas Enterprise
Fund established under Section 481.078, Government Code.
(b) The audit, at a minimum, must determine whether money
from the fund is efficiently and effectively:
(1) disbursed in compliance with the requirements of
the Government Code and other relevant laws or standards;
(2) monitored to determine whether the persons or
entities awarded money from the fund comply with the terms of any
applicable agreements and with the requirements of the Government
Code and other relevant laws or standards; and
(3) maintained in a manner that provides adequate
financial control systems to ensure accountability for the proper
use of the disbursed money.
(c) The state auditor shall prepare a report of the audit
conducted under this section. Not later than January 1, 2015, 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 must include:
(1) details on the grant approval process;
(2) details on the compliance of past and present
grant recipients with the terms of applicable agreements and with
the requirements of the Government Code and other relevant laws or
standards;
(3) a synopsis of grant agreements that have been
amended to reduce the job creation goals established in the
original agreement or to extend the time allotted to achieve job
creation goals; and
(4) an itemization of grant money returned to this
state, including a summary of the reasons the money was returned.
SECTION 2. This Act expires September 1, 2015.
SECTION 3. This Act takes effect September 1, 2013.