| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
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 |
|
|
the Government Code and other relevant laws or standards; |
|
|
(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 the Government |
|
|
Code and other relevant laws or standards; and |
|
|
(3) maintained in a manner that provides adequate |
|
|
financial control systems to ensure accountability for the proper |
|
|
use of the disbursed money. |
|
|
(c) To the extent practicable, 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. |