Sec. 2306.204. INDEPENDENT AUDIT OF HOUSING TRUST FUND. (a) An independent auditor shall annually conduct an audit of the housing trust fund to determine the amount of unencumbered fund balances that is greater than the amount required for the reserve fund.
(b) The independent auditor shall submit the audit report to the board not later than December 31 of each year.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
Structure Texas Statutes
Subtitle G - Economic Development Programs Involving Both State and Local Governments
Chapter 2306 - Texas Department of Housing and Community Affairs
Subchapter I. Housing Finance Division: Funds
Section 2306.201. Housing Trust Fund
Section 2306.202. Use of Housing Trust Fund
Section 2306.203. Rules Regarding Administration of Housing Trust Fund
Section 2306.204. Independent Audit of Housing Trust Fund
Section 2306.205. Transfer of Money to Housing Trust Fund
Section 2306.206. Housing Trust Fund Not Subject to Texas Trust Code