Sec. 460.402.  FINANCIAL AUDIT.  (a)  The authority shall have an annual audit of the affairs of the authority prepared by an independent certified public accountant.
(b)  The audit is a public record as defined by Chapter 552, Government Code.
(c)  On receipt of the audit prescribed by Subsection (a), the board of directors shall address on the record any deficiencies noted in the report at a regular meeting of the board of directors.
Added by Acts 2001, 77th Leg., ch. 1186, Sec. 1, eff. Sept. 1, 2001.
Amended by: 
Acts 2007, 80th Leg., R.S., Ch. 326 (H.B. 2682), Sec. 14, eff. September 1, 2007.