Sec. 671.106. AUDIT. (a) At least once a year, the authority shall have a certified public accountant conduct an audit of the authority's books, accounts, and other records. A copy of the audit shall be delivered to the city.
(b) If the authority does not have the required audit conducted, an auditor or accountant designated by the city may examine, at the expense of the authority, the accounts and books of the authority, including receipts, disbursements, contracts, leases, investments, and other matters relating to the authority's finances, operation, and affairs.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
Structure Texas Statutes
Subtitle B - Port of Entry Authorities
Chapter 671 - City of Laredo Port of Entry Authority
Subchapter C. Powers and Duties
Section 671.103. Effect of Authority Action; City Approval
Section 671.104. Ad Valorem Taxes and Bonds Prohibited
Section 671.105. Depository; Order to Disburse
Section 671.106. Audit