Bill Text: TX SB1370 | 2023-2024 | 88th Legislature | Engrossed

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Bill Title: Relating to information contained in the annual financial audit of certain regional transportation authorities.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Engrossed - Dead) 2023-05-05 - Referred to Transportation [SB1370 Detail]

Download: Texas-2023-SB1370-Engrossed.html

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By: Paxton S.B. No. 1370

A BILL TO BE ENTITLED
AN ACT
relating to information contained in the annual financial audit of
certain regional transportation authorities.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter J, Chapter 452, Transportation Code,
is amended by adding Section 452.453 to read as follows:
Sec. 452.453. DISAGGREGATION OF EXPENDITURES: CERTAIN
AUTHORITIES. The subregional board of an authority consisting of
one subregion governed by a subregional board created under
Subchapter O shall disaggregate expenditures by member
municipality in an annual financial report using a uniform
methodology that is proposed by the authority, provided to the
board, and approved by resolution of a simple majority of the member
municipalities' governing bodies. On request of a simple majority
of the member municipalities' governing bodies, the authority shall
propose a new methodology for disaggregating expenditures by member
municipality under this section.
SECTION 2. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2023.