Section 15.258 - Audits and Reports(a) An entity that receives a loan under this subchapter shall have an audit prepared annually by a certified public accountant in accordance with generally accepted auditing standards and with all other applicable federal and state requirements. The entity shall cause the auditor to provide a full copy of the audit report and any other management letters or auditor's comments directly to the department within 30 days after the report and information have been provided to the governing body of the entity.(b) An entity that receives a loan under this subchapter, on request of the department and at the entity's cost, shall provide to the department: (1) in a format acceptable to the department, an annual report listing project expenditures, providing an accounting of proceeds of a loan under this subchapter, and providing any other information requested by the department; and(2) a copy of any report the entity is required to provide to a local, state, or federal agency.43 Tex. Admin. Code § 15.258
Adopted by Texas Register, Volume 43, Number 41, October 12, 2018, TexReg 6849, eff. 10/17/2018