Sec. 2308.263. APPROVAL OF FISCAL AGENT. (a) The Texas Workforce Commission must approve the fiscal agent selected by a board before any federal or state workforce development funds may be disbursed to the board.
(b) The commission shall base its approval on an audit of the financial capability of the fiscal agent to ensure that fiscal controls and fund accounting procedures necessary to guarantee the proper disbursal of and accounting for federal and state funds are in place.
Added by Acts 1995, 74th Leg., ch. 76, Sec. 5.81(a), eff. Sept. 1, 1995. Amended by Acts 1997, 75th Leg., ch. 165, Sec. 19.14, eff. Sept. 1, 1997.
Structure Texas Statutes
Subtitle G - Economic Development Programs Involving Both State and Local Governments
Chapter 2308 - Workforce Investment Act
Section 2308.2515. Application of Prior Law
Section 2308.252. Designation of Workforce Development Areas
Section 2308.253. Creation of Local Workforce Development Boards
Section 2308.254. Limitation on Exercise of Board Powers
Section 2308.255. Appointment of Board; Liability of Board Members
Section 2308.256. Board Membership
Section 2308.258. Presiding Officer
Section 2308.259. Board Committees
Section 2308.260. Technical Advisory Groups
Section 2308.261. Certification of Board
Section 2308.263. Approval of Fiscal Agent
Section 2308.264. Contracting for Service Delivery
Section 2308.265. Incentives and Waivers
Section 2308.266. Nonprofit Status; Ability to Solicit Funds
Section 2308.268. Assistance and Sanctions for Nonperformance
Section 2308.269. Sanctions for Lack of Fiscal Accountability