Multiple Agencies
A Review of State Entity Compliance With the Public Funds Investment Act
May 2002
Report Number 02-039
Overall Conclusion
For fiscal year 2001, state entities subject to the Public Funds Investment Act (Act) continued to report substantial compliance with the Act's requirements.
Key Facts and Findings
- Two universities, Texas Southern and Midwestern State, were not deemed to
be in full or substantial compliance with the requirements of the Act.
- A majority of community college independent auditors did not provide sufficient assurance that adequate work was conducted to determine compliance with the Act.
- It is uncertain whether the Texas Treasury Safekeeping Trust Company is
subject to the Act when it manages funds for clients that may themselves be
subject to the Act.
Contact the SAO about this report.
Download the PDF version of this report. (02-039.pdf)
HTML Equivalent (utilizing Adobe's PDF Conversion by Simple Form).