Senate votes to audit Perry Enterprise Fund

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Associated Press

Posted on April 16, 2013 at 3:05 PM

Updated Tuesday, Apr 16 at 3:06 PM

AUSTIN, Texas (AP) — The Texas Senate wants the state auditor to review Gov. Rick Perry's deal-closing Texas Enterprise Fund.

The Senate approved a bill Tuesday that requires auditors to closely scrutinize the decade-old program. The Texas Enterprise Fund has awarded more than $485 million to private companies looking to expand or relocate in the state.

Critics have targeted the fund, and Perry's similar Emerging Technology Fund, over accountability and impact.

The bill by Democratic Sen. Wendy Davis of Fort Worth requires an audit report no later than January 2015.

The bill now goes to the House for consideration.

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