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Texas Business & Commerce Code

§ 671.106 — AUDIT

BC § 671.106Title 15. CURRENCY AND TRADE · Part B. PORT OF ENTRY AUTHORITIES · Ch. 671. CITY OF LAREDO PORT OF ENTRY AUTHORITY · Art. C. POWERS AND DUTIES

Statute text

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(a)At least once a year, the authority shall have a certified public accountant conduct an audit of the authority's books, accounts, and other records. A copy of the audit shall be delivered to the city.
(b)If the authority does not have the required audit conducted, an auditor or accountant designated by the city may examine, at the expense of the authority, the accounts and books of the authority, including receipts, disbursements, contracts, leases, investments, and other matters relating to the authority's finances, operation, and affairs.

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.

Source: Texas Business & Commerce Code § 671.106 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.