By: Davis	S.B. No. 1392

	A BILL TO BE ENTITLED
	AN ACT
	relating to an audit by the state auditor and a study by the
	comptroller of the events trust funds.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1.  (a)  The state auditor shall conduct an audit to
	determine the efficiency and effectiveness of funding events
	through an events trust fund authorized under Section 5, 5A, 5B, or
	5C, Chapter 1507 (Senate Bill No. 456), Acts of the 76th
	Legislature, Regular Session, 1999 (Article 5190.14, Vernon's
	Texas Civil Statutes).
	(b)  The audit, at a minimum, must determine whether money
	from an events trust fund is efficiently and effectively:
	(1)  disbursed in compliance with Section 5, 5A, 5B, or
	5C, Chapter 1507 (Senate Bill No. 456), Acts of the 76th
	Legislature, Regular Session, 1999 (Article 5190.14, Vernon's
	Texas Civil Statutes), as applicable, the Government Code, and
	other relevant laws or standards;
	(2)  monitored so that the event and the persons and
	entities that receive money from the fund comply with the terms of
	applicable agreements and with the applicable sections of Chapter
	1507, the Government Code, and other relevant laws or standards;
	and
	(3)  maintained to provide adequate financial control
	systems and to ensure accountability for use of the money.
	(c)  The state auditor shall prepare a report of the audit
	conducted under this section. Not later than January 1, 2015, the
	state auditor shall electronically file a copy of 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 or matters related to tourism or
	recreation. The report must include details on:
	(1)  the process for approving the disbursement of
	money through an events trust fund; and
	(2)  the degree to which past and present recipients of
	money from a fund have complied with the terms of event agreements
	and with the applicable sections of Chapter 1507 (Senate Bill No.
	456), Acts of the 76th Legislature, Regular Session, 1999 (Article
	5190.14, Vernon's Texas Civil Statutes), the Government Code, and
	other relevant laws or standards.
	SECTION 2.  (a)  The comptroller of public accounts shall
	conduct a study to determine:
	(1)  the economic impact of the events that qualify for
	funding through an events trust fund; and
	(2)  whether the events would likely be held in this
	state in the absence of the incentives provided through the fund.
	(b)  The comptroller of public accounts shall prepare a
	report of the findings from the study conducted under this section.
	Not later than January 1, 2015, the comptroller shall
	electronically file a copy of 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 or matters related to tourism or recreation.
	SECTION 3.  (a)  Notwithstanding any other law, the
	comptroller of public accounts shall reimburse the state auditor
	for the cost of the audit conducted under Section 1 of this Act. The
	comptroller may reimburse the state auditor from the funds
	described by Subsection (b) of this section or the money collected
	in the manner described by Subsection (c) of this section, or with a
	combination of the funds and money.
	(b)  The comptroller may reimburse the state auditor using
	any balances available in the 2014 state fiscal year from the events
	trust funds established under Section 5, 5A, 5B, or 5C, Chapter 1507
	(Senate Bill No. 456), Acts of the 76th Legislature, Regular
	Session, 1999 (Article 5190.14, Vernon's Texas Civil Statutes).
	The comptroller shall pay the audit cost proportionally from the
	established funds based on the maximum balances in the funds during
	the 2014 state fiscal year.
	(c)  The comptroller may reimburse the state auditor using
	money collected by deducting an administrative fee not to exceed
	three percent from amounts disbursed from the funds. The
	comptroller may deduct this fee until the comptroller has collected
	an amount sufficient to reimburse the state auditor under this
	section.
	SECTION 4.  This Act expires September 1, 2015.
	SECTION 5.  This Act takes effect September 1, 2013.