SB 1390

83(R) - 2013
Economic & Small Business Development

Vote Recommendation

  • Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral


Wendy Davis

Bill Caption

Relating to an audit by the state auditor of the Texas Enterprise Fund.

Fiscal Notes

Estimated Two-year Net Impact to General Revenue Related Funds for SB1390: a negative impact of ($537,688) through the biennium ending August 31, 2015. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill. Based on information provided by the State Auditor's Office (SAO), it is assumed that an audit would be conducted for the Texas Enterprise Fund in fiscal year 2014 and that a report of the audit would be filed no later than January 1, 2015. It is also assumed that 6,000 hours would be required to perform the audit; that the audit would require travel costs; and that an additional 3.8 FTEs for Auditor positions would be necessary in fiscal year 2014 to implement the provisions of the bill. Costs reflected above totaling $537,688 include salaries, travel, benefits, and other operating expenses that would be paid from the General Revenue Fund. No fiscal implication to units of local government is anticipated.

Bill Analysis

Summary: SB 1390 would require the State Auditor's Office (SAO) to audit the Texas Enterprise Fund to ensure that the Fund is reaching objectives, adhering to financial requirements, maintaining efficiency and effectiveness, and abiding by Government Code. This legislation would also require the SAO to provide a report to the Legislative leadership.

Analysis: This legislation would provide an administrative change within government, allowing the state to audit the Texas Enterprise Fund. This neither uplifts nor offends our liberty principles. Therefore, we are neutral on SB 1390.