Bill Text: TX HB1636 | 2011-2012 | 82nd Legislature | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relating to certain financial requirements of certain toll project entities.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2011-05-09 - Committee report sent to Calendars [HB1636 Detail]

Download: Texas-2011-HB1636-Introduced.html

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82R904 TRH-F
By: Paxton H.B. No. 1636

A BILL TO BE ENTITLED
AN ACT
relating to certain financial requirements of regional tollway
authorities.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter B, Chapter 366, Transportation Code,
is amended by adding Sections 366.039 and 366.040 to read as
follows:
Sec. 366.039. ANNUAL AUDIT. The financial transactions of
an authority created under this chapter are subject to annual
financial audit by the state auditor in accordance with Chapter
321, Government Code.
Sec. 366.040. ELECTRONIC CHECKING ACCOUNT TRANSACTION
REGISTER. (a) Except as provided by Subsection (e), an authority
shall designate a person to maintain an electronic checking
account transaction register for the authority's checking account.
The register must:
(1) be in a searchable, electronic spreadsheet format;
and
(2) be available without a fee for viewing and
downloading by the public at all times on the authority's Internet
website.
(b) The electronic checking account transaction register
must include for each expense transaction from the authority's
account:
(1) the transaction amount;
(2) the name of the payee; and
(3) a statement describing the purpose of the
expenditure.
(c) An authority may not include in the authority's
electronic checking account transaction register a check issued to
an authority employee in payment of salary, wages, or an employment
stipend.
(d) An authority shall:
(1) update the electronic checking account
transaction register at least once each month, not later than the
30th day after the closing date of the most recent monthly statement
for the checking account; and
(2) maintain each transaction or listing in the
electronic checking account transaction register on the
authority's Internet website until the first anniversary of the
date of the transaction or listing.
(e) The person designated to maintain the electronic
checking account transaction register under Subsection (a) may
consult with the comptroller in developing the register.
SECTION 2. A regional tollway authority required to
maintain an electronic checking account transaction register under
Section 366.040, Transportation Code, as added by this Act, shall
make the register available for public viewing or downloading not
later than January 1, 2012. The register must contain the
information required by Section 366.040(b), Transportation Code,
as added by this Act, with regard to each transaction occurring on
or after the effective date of this Act.
SECTION 3. This Act takes effect September 1, 2011.