Texas 2015 - 84th Regular

Texas Senate Bill SB650

Voted on by Senate
 
Out of House Committee
 
Voted on by House
 
Governor Action
 
Bill Becomes Law
 

Caption

Relating to audits of the music, film, television, and multimedia fund.

Impact

With the implementation of SB650, significant changes to the oversight and auditing processes are expected. The bill ensures that the state auditor assesses whether funds are allocated correctly and whether grantees adhere to the terms of their agreements. This will likely lead to better resource management and might strengthen confidence among stakeholders, including the public and potential fund recipients. Ultimately, the bill aims to safeguard public funds used in cultivating Texas's cultural and creative sectors while promoting responsible dealings with grant recipients.

Summary

SB650 aims to establish a structured approach to auditing the music, film, television, and multimedia fund in Texas. The bill mandates that the state auditor conduct thorough audits focusing on effectiveness, compliance, and operational efficiency regarding the disbursement of funds. The primary goal is to ensure that funds are utilized in accordance with established purposes and that the offices managing these grants have appropriate oversight mechanisms in place. By requiring these audits, SB650 seeks to enhance transparency and accountability within the funding processes of creative industries in Texas.

Contention

Notably, while the bill is aimed at enhancing oversight, it may raise concerns among organizations that rely on these funds for their operations. Critics may argue that stringent auditing requirements could place undue burdens on grant recipients, particularly smaller entities that might struggle with compliance. Furthermore, questions surrounding the effectiveness of audits and whether they genuinely lead to improved outcomes may emerge. The balance between ensuring accountability and supporting the creative industries will be a key aspect of the discussions surrounding SB650.

Companion Bills

No companion bills found.

Previously Filed As

TX HB4419

Relating to the promotion of film and television production in this state, including the eligibility of film or television productions for funding under the major events reimbursement program, the creation of a film events trust fund and a film production tax rebate trust fund, the establishment of virtual film production institutes, and the designation of media production development zones.

TX HB3600

Relating to the establishment of the Texas Multimedia Production Program; providing tax credits; authorizing fees.

TX SB1613

Relating to the establishment of the Texas Multimedia Production Program; providing tax credits; authorizing fees.

TX HB4665

Relating to incentives for the film, television, video, and digital interactive media production industries.

TX HB3472

Relating to the establishment of the Texas Media Production Enticement Program; providing tax credits; authorizing fees.

TX HB13

Relating to measures to address public safety threats in this state presented by transnational criminal activity, including by establishing the Texas Homeland Security Division and the Border Security Advisory Council, and to compensate persons affected by those threats.

TX SB1614

Relating to the computation of the cost of goods sold by television and radio broadcasters for purposes of the franchise tax.

TX SB2525

Relating to creating the Family and Protective Services Board.

TX HB3943

Relating to the auditing of an electric cooperative or municipally owned electric utility by an independent third party auditor after a power outage.

TX HB15

Relating to the creation of the Mental Health and Brain Research Institute of Texas.

Similar Bills

No similar bills found.