| 1 | 1 | | By: Paxton S.B. No. 1370 |
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| 2 | 2 | | |
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| 3 | 3 | | |
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| 4 | 4 | | A BILL TO BE ENTITLED |
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| 5 | 5 | | AN ACT |
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| 6 | 6 | | relating to information contained in the annual financial audit of |
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| 7 | 7 | | certain regional transportation authorities. |
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| 8 | 8 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 9 | 9 | | SECTION 1. Subchapter J, Chapter 452, Transportation Code, |
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| 10 | 10 | | is amended by adding Section 452.453 to read as follows: |
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| 11 | 11 | | Sec. 452.453. DISAGGREGATION OF EXPENDITURES: CERTAIN |
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| 12 | 12 | | AUTHORITIES. The subregional board of an authority consisting of |
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| 13 | 13 | | one subregion governed by a subregional board created under |
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| 14 | 14 | | Subchapter O shall disaggregate expenditures by member |
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| 15 | 15 | | municipality in an annual financial report using a uniform |
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| 16 | 16 | | methodology that is proposed by the authority, provided to the |
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| 17 | 17 | | board, and approved by resolution of a simple majority of the member |
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| 18 | 18 | | municipalities' governing bodies. On request of a simple majority |
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| 19 | 19 | | of the member municipalities' governing bodies, the authority shall |
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| 20 | 20 | | propose a new methodology for disaggregating expenditures by member |
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| 21 | 21 | | municipality under this section. |
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| 22 | 22 | | SECTION 2. This Act takes effect immediately if it receives |
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| 23 | 23 | | a vote of two-thirds of all the members elected to each house, as |
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| 24 | 24 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 25 | 25 | | Act does not receive the vote necessary for immediate effect, this |
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| 26 | 26 | | Act takes effect September 1, 2023. |
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