Bill Text: TX HB1636 | 2011-2012 | 82nd Legislature | Comm Sub
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-Comm_Sub.html
| 82R24484 TRH-F | |||
| By: Paxton, Anchia, Rodriguez, | H.B. No. 1636 | ||
| Taylor of Galveston | |||
| Substitute the following for H.B. No. 1636: | |||
| By: Davis of Dallas | C.S.H.B. No. 1636 | ||
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| relating to certain financial requirements of certain toll project | ||
| entities. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter B, Chapter 372, Transportation Code, | ||
| is amended by adding Sections 372.054 and 372.055 to read as | ||
| follows: | ||
| Sec. 372.054. ANNUAL AUDIT. (a) In this section, "toll | ||
| project entity" does not include the department. | ||
| (b) A toll project entity shall have an annual audit of the | ||
| affairs of the toll project entity prepared by an independent | ||
| certified public accountant or a firm of independent certified | ||
| public accountants. | ||
| Sec. 372.055. ELECTRONIC CHECKING ACCOUNT TRANSACTION | ||
| REGISTER. (a) In this section, "toll project entity" does not | ||
| include the department. | ||
| (b) Except as provided by Subsection (f), a toll project | ||
| entity shall designate a person to maintain an electronic checking | ||
| account transaction register for the entity'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 entity's Internet | ||
| website. | ||
| (c) The electronic checking account transaction register | ||
| must include for each expense transaction from the toll project | ||
| entity's account: | ||
| (1) the transaction amount; | ||
| (2) the name of the payee; and | ||
| (3) a statement describing the purpose of the | ||
| expenditure. | ||
| (d) A toll project entity may not include in the entity's | ||
| electronic checking account transaction register a check issued to | ||
| an entity employee in payment of salary, wages, or an employment | ||
| stipend. | ||
| (e) A toll project entity 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 entity's | ||
| Internet website until the first anniversary of the date of the | ||
| transaction or listing. | ||
| (f) The person designated to maintain the electronic | ||
| checking account transaction register under Subsection (b) may | ||
| consult with the comptroller in developing the register. | ||
| SECTION 2. A toll project entity required to maintain an | ||
| electronic checking account transaction register under Section | ||
| 372.055, 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 372.055(c), 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. | ||
