Relating to the requirement that the board of directors of certain tax increment reinvestment zones have conducted by the office of the city controller of the municipality that created the zone an annual financial audit.

SB 2737 requires certain tax increment reinvestment zones (TIRZs) in Texas cities with populations of at least 2 million to undergo annual financial audits conducted by the city controller's office. This mandate applies specifically to TIRZs created by large municipalities and covers all fiscal years beginning on or after September 1, 2025. The bill adds a new requirement to the Tax Code, stipulating that TIRZ boards must contract with the city controller for these audits each year. It does not apply to smaller municipalities or affect other types of government entities.