House OKs state audit of Perry enterprise fund

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by Associated Press

kvue.com

Posted on May 17, 2013 at 8:13 PM

Updated Friday, May 17 at 8:14 PM

AUSTIN -- Gov. Rick Perry's deal-closing Texas Enterprise Fund would receive a state audit under a bill close to clearing the state Legislature.

The House on Friday used a simple voice vote to approve the measure that would require closer financial scrutiny of the decade-old program.

The fund has awarded more than $485 million to private companies looking to expand or relocate in Texas. But critics have targeted it, and Perry's similar Emerging Technology Fund, over accountability and impact.

The bill mandates an audit report no later than January 2015. It passed the Senate last month, but the House made some modifications.

The measure must pass a final, procedural House vote. It then heads to conference committee to reconcile the latest version with what the Senate previously approved.

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