Texas 2015 - 84th Regular

Texas Senate Bill SB651 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	84R7675 YDB-F
2	2	By: Taylor of Collin S.B. No. 651
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to an audit of Major Events trust funds conducted by the
8	8	state auditor.
9	9	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
10	10	SECTION 1. (a) The state auditor shall conduct an audit of
11	11	a Major Events trust fund established under Section 5A, Chapter
12	12	1507 (S.B. 456), Acts of the 76th Legislature, Regular Session,
13	13	1999 (Article 5190.14, Vernon's Texas Civil Statutes). In
14	14	conducting the audit, the state auditor shall develop an audit plan
15	15	and establish the scope and objectives of the audit consistent with
16	16	generally accepted auditing standards and with other audits
17	17	conducted by the state auditor under Chapter 321, Government Code.
18	18	(b) The audit conducted under Subsection (a) of this section
19	19	may determine whether money from a Major Events trust fund was:
20	20	(1) deposited and disbursed in accordance with the
21	21	purposes and in compliance with the requirements of Section 5A,
22	22	Chapter 1507 (S.B. 456), Acts of the 76th Legislature, Regular
23	23	Session, 1999 (Article 5190.14, Vernon's Texas Civil Statutes), and
24	24	other applicable laws and standards; and
25	25	(2) monitored to determine whether each person who
26	26	received money from the fund complied with the terms of any
27	27	applicable agreements and with Section 5A, Chapter 1507 (S.B. 456),
28	28	Acts of the 76th Legislature, Regular Session, 1999 (Article
29	29	5190.14, Vernon's Texas Civil Statutes), and other applicable laws
30	30	and standards.
31	31	(c) Consistent with generally accepted auditing standards
32	32	and with other audits conducted by the state auditor under Chapter
33	33	321, Government Code, the state auditor may assess the efficiency
34	34	and effectiveness of disbursements made under a Major Events trust
35	35	fund.
36	36	(d) While conducting the audit under this section, the state
37	37	auditor:
38	38	(1) may require the assistance of an official or
39	39	employee of an endorsing county, endorsing municipality, the
40	40	comptroller, or any other state agency; and
41	41	(2) is entitled to access all of the books, accounts,
42	42	reports, vouchers, or other records of information of any county,
43	43	municipality, state agency, or entity subject to audit, including
44	44	access to all electronic data.
45	45	(e) The state auditor shall prepare a report of the audit
46	46	conducted under this section. Not later than January 1, 2017, the
47	47	state auditor shall file the report with the lieutenant governor,
48	48	the speaker of the house of representatives, and the presiding
49	49	officer of each standing committee of the senate and house of
50	50	representatives having primary jurisdiction over fiscal matters.
51	51	The report may include:
52	52	(1) details on the process for determining events
53	53	eligible to receive funding from a Major Events trust fund; and
54	54	(2) details on compliance by the recipients of money
55	55	from a Major Events trust fund with the requirements of applicable
56	56	laws and standards.
57	57	SECTION 2. This Act expires September 1, 2017.
58	58	SECTION 3. This Act takes effect September 1, 2015.