Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 39.164 - Audit of Independent Organization Certified for Ercot Power Region(a) The commission annually shall have an independent audit made of each independent organization certified under Section 39.151 for the ERCOT power region. (b) An audit under this section must examine: (1) the independent organization's financial condition, including the organization's budget and expenses, and the salaries of the organization's employees and board members; and (2) compliance of the independent organization's assets with all applicable commission standards. (c) Not later than the 60th day after the date an audit under this section is completed the commission shall: (1) publish the results of the audit on the commission's Internet website; and (2) submit the results of the audit to the state auditor and members of the standing committees of the legislature with primary jurisdiction over the commission. Amended by Acts 2023, Texas Acts of the 88th Leg.- Regular Session, ch. 768,Sec. 22.003, eff. 9/1/2023.Added by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 73,Sec. 1, eff. 9/1/2021.