Texas SB440 amends audit and reporting requirements for financial regulatory agencies.

Texas SB440 amends the Finance Code to enhance audit and reporting requirements for financial regulatory agencies. The state auditor must contract with each agency for audits and provide a copy of any audit to the governor. Agencies must submit reports to the legislature and governor before each regular session, detailing activities, financial reports, fee changes, and regulatory jurisdiction. Annually, agencies must report to the governor, appropriations committees, and the Legislative Budget Board on staffing, complaints, enforcement actions, penalties, and budget performance.

Texas SB440 amends audit and reporting requirements for financial regulatory agencies.

Texas SB440 amends the Finance Code to enhance audit and reporting requirements for financial regulatory agencies. The state auditor must contract with each agency for audits and provide a copy of any audit to the governor. Agencies must submit reports to the legislature and governor before each regular session, detailing activities, financial reports, fee changes, and regulatory jurisdiction. Annually, agencies must report to the governor, appropriations committees, and the Legislative Budget Board on staffing, complaints, enforcement actions, penalties, and budget performance.