Sec. 20.020. FISCAL YEAR; ANNUAL AUDIT. (a) The authority shall operate on a fiscal year beginning September 1. (b) The state auditor may audit the authority's books and accounts, based on a risk assessment performed by the state auditor and subject to the legislative audit committee's approval of including the audit in the audit plan under Section 321.013 , Government Code. The cost of an audit shall be paid by the authority. (c) A copy of the audit shall be filed with the governor and with both houses of the legislature on or before January 1 of each year, except if the audit is being made by the state auditor and is not available by January 1, it shall be filed as soon as it is available.
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