TITLE: Relating to audits of a regional mobility authority by the state auditor.

SUMMARY: Relating to audits of a regional mobility authority by the state auditor.

FULL TEXT:
AN ACT relating to audits of a regional mobility authority by the state auditor. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter G, Chapter 370, Transportation Code, is amended by adding Section 370.318 to read as follows: Sec. 370.318. AUDIT REQUIREMENT FOR DEPARTMENT GRANT OR LOAN. The department may not make a grant or loan to an authority for a transportation project unless the authority agrees in writing to allow state audits of the authority at any time until the completion of the transportation project for which the funds are granted or loaned at the discretion of the legislative audit committee established under Section 321.002, Government Code. SECTION 2. Chapter 321, Government Code, is amended by adding Section 321.024 to read as follows: Sec. 321.024. REGIONAL MOBILITY AUTHORITIES SUBJECT TO AUDIT. A regional mobility authority under Chapter 370, Transportation Code, is subject to audit under this chapter as if the authority were a department. SECTION 3. Section 370.318, Transportation Code, as added by this Act, applies only to a grant or loan agreement that is entered into on or after the effective date of this Act. A grant or loan agreement that is entered into before the effective date of this Act is governed by the law in effect on the date the agreement was entered into, and the former law is continued in effect for that purpose. SECTION 4. This Act takes effect September 1, 2017.