A subregional board must hire a qualified firm to do a performance audit of the authority every fourth state fiscal year, starting in 1995-1996.
Sec. 452.454. PERFORMANCE AUDITS: CERTAIN AUTHORITIES. (a) A subregional board created under Subchapter O governing an authority consisting of one subregion shall contract every fourth state fiscal year beginning with the 1995-1996 fiscal year for a performance audit of the authority to be conducted by a firm that has experience in reviewing the performance of transit agencies. (b) The purposes of the audit are to provide: (1) evaluative information necessary for the performance of oversight functions by state and local officers; and (2) information to the authority to assist in making changes for the improvement of the efficiency and effectiveness of authority operations. (c) Each audit must include an examination of: (1) one or more of the following: (A) the administration and management of the authority; (B) transit operations; or (C) transit authority system maintenance; (2) the authority's compliance with applicable state law, including this chapter; and (3) the following performance indicators: (A) subsidy per passenger, operating cost per revenue mile, and operating cost per revenue hour; (B) sales and use tax receipts per passenger; (C) fare recovery rate; (D) number of passengers per hour; (E) on-time performance; (F) number of collisions per 100,000 miles; and (G) number of miles between mechanical service calls. (d) A subject described under Subsection (c)(1) must be examined at least once in every third audit. Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995. Amended by: Acts 2007, 80th Leg., R.S., Ch. 118 (S.B. 1077), Sec. 1, eff. May 17, 2007. Acts 2023, 88th Leg., R.S., Ch. 709 (H.B. 2190), Sec. 13, eff. September 1, 2023.