Bill Text: TX SB1390 | 2013-2014 | 83rd Legislature | Enrolled
Bill Title: Relating to an audit by the state auditor of the Texas Enterprise Fund.
Spectrum: Bipartisan Bill
Status: (Passed) 2013-06-14 - Effective on 9/1/13 [SB1390 Detail]
Download: Texas-2013-SB1390-Enrolled.html
| S.B. No. 1390 | ||
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| relating to an audit by the state auditor of the Texas Enterprise | ||
| Fund. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. (a) The state auditor shall conduct an audit of | ||
| the Texas Enterprise Fund established under Section 481.078, | ||
| Government Code. The state auditor may establish the scope of the | ||
| audit and objectives for the audit that are consistent with | ||
| generally accepted government auditing standards and with other | ||
| audits conducted by the state auditor under Chapter 321, Government | ||
| Code. | ||
| (b) The audit may determine whether money from the fund is: | ||
| (1) disbursed in compliance with the requirements of | ||
| Section 481.078, Government Code, and other relevant laws or | ||
| standards; and | ||
| (2) monitored to determine whether the persons or | ||
| entities awarded money from the fund comply with the terms of any | ||
| applicable agreements and with the requirements of Section 481.078, | ||
| Government Code, and other relevant laws or standards. | ||
| (c) Consistent with generally accepted government 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 the Texas Enterprise Fund. | ||
| (d) The state auditor shall prepare a report of the audit | ||
| conducted under this section. Not later than January 1, 2015, 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 grant approval process; | ||
| (2) details on the compliance of past and present | ||
| grant recipients with the terms of applicable agreements and with | ||
| the requirements of the Government Code and other relevant laws or | ||
| standards; | ||
| (3) a synopsis of grant agreements that have been | ||
| amended to reduce the job creation goals established in the | ||
| original agreement or to extend the time allotted to achieve job | ||
| creation goals; and | ||
| (4) an itemization of grant money returned to this | ||
| state, including a summary of the reasons the money was returned. | ||
| SECTION 2. This Act expires September 1, 2015. | ||
| SECTION 3. This Act takes effect September 1, 2013. | ||
| ______________________________ | ______________________________ | |
| President of the Senate | Speaker of the House | |
| I hereby certify that S.B. No. 1390 passed the Senate on | ||
| April 16, 2013, by the following vote: Yeas 26, Nays 3; and that | ||
| the Senate concurred in House amendments on May 23, 2013, by the | ||
| following vote: Yeas 28, Nays 3. | ||
| ______________________________ | ||
| Secretary of the Senate | ||
| I hereby certify that S.B. No. 1390 passed the House, with | ||
| amendments, on May 20, 2013, by the following vote: Yeas 145, | ||
| Nays 0, two present not voting. | ||
| ______________________________ | ||
| Chief Clerk of the House | ||
| Approved: | ||
| ______________________________ | ||
| Date | ||
| ______________________________ | ||
| Governor | ||
