Texas Government Code 321.020 – Coordination of Certain Audits
(a) Notwithstanding any other law, a state agency, or a corporation that is dedicated to the benefit of a state agency and that meets the criteria specified by Section B, Article 2.23B, Texas Non-Profit Corporation Act (Article 1396-2.23B, Vernon’s Texas Civil Statutes), may employ a private auditor to audit the state agency or corporation only if:
(1) the agency or corporation is authorized to contract with a private auditor through a delegation of authority from the state auditor;
(2) the scope of the proposed audit has been submitted to the state auditor for review and comment; and
(3) the services of the private auditor are procured through a competitive selection process in a manner allowed by law.
(b) At the joint direction of the lieutenant governor and the speaker of the house of representatives, the state auditor shall provide contract management services to the agency or corporation for an audit described by this section.
Terms Used In Texas Government Code 321.020
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.