Disclosure Statement for Outside Financial Advisors and Service Providers
You can obtain a copy of the enrolled version of SB1059 from the Web site of the Texas Legislature Online at http://www.capitol.state.tx.us/BillLookup/Text.aspx?LegSess=78R&Bill=SB1059. The SAO cannot advise you on whether SB1059 applies to your entity and cannot interpret for you SB1059's provisions. We recommend that you consult with your legal advisor if you are unsure whether or how your entity must implement SB1059.
If you conclude that your entity must implement SB1059, the SAO recommends that you ensure that you have communicated to all outside financial advisors or service providers any standards of conduct your governing board has adopted that apply to them. If you need additional information, please contact Verma Elliott, Assistant State Auditor, via e-mail or at (512) 936-9500.
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