PERFORMANCE AUDITS: CERTAIN AUTHORITIES

(a) The board of an authority in which the principal municipality has a population of more than 1.9 million or less than 1.3 million shall contract at least once every four years for a performance audit of the authority to be conducted by a firm that has experience in reviewing the performance of transit agencies. (b) The purposes of the audit are to provide: (1) evaluative information necessary for the performance of oversight functions by state and local officers; and (2) information to the authority to assist in making changes for the improvement of the efficiency and effectiveness of authority operations. (c) Each audit must include an examination of: (1) one or more of the following: (A) the administration and management of the authority; (B) transit operations; or (C) transit authority system maintenance; (2) the authority's compliance with applicable state law, including this chapter; and (3) the following performance indicators: (A) operating cost per passenger, per revenue mile, and per revenue hour; (B) sales and use tax receipts per passenger; (C) fare recovery rate; (D) average vehicle occupancy; (E) on-time performance; (F) number of collisions per 100,000 miles; and (G) number of miles between mechanical road calls. (d) A subject described under Subsection (c)(1) must be examined at least once in every third audit.