Gavvy: Ins. Code, Sec. 1551.012. Exemption from State Taxes and Fees.

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Sec. 2112.003. Deciding Whether Audit Will Be Cost-effective.


Sec. 2112.003.  DECIDING WHETHER AUDIT WILL BE COST-EFFECTIVE.  (a)  Before the agency or institution conducts an audit, it shall analyze the potential benefit of the audit.
(b)  The agency or institution is not required to perform the audit if it determines that the savings and refunds provided by the audit will not exceed its cost.
Added by Acts 1997, 75th Leg., ch. 165, Sec. 16.03(a), eff. Sept. 1, 1997.

Gavvy last updated this database on: Sep 6, 2024