84R7675 YDB-F
By: Taylor of Collin S.B. No. 651
A BILL TO BE ENTITLED
AN ACT
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.