Relating to audits of and reports by self-directed and semi-independent financial regulatory agencies.

This bill requires Texas financial regulatory agencies (like banking or insurance regulators) to undergo regular audits and submit detailed reports. It mandates that the state auditor conduct financial, effectiveness, and performance audits at least once every six years, with agencies reimbursing audit costs. Agencies must submit biennial reports to the legislature and governor, including audit results, financial statements, fee changes by industry, jurisdiction data, and enforcement activities. Additionally, annual reports are required by November 1, covering personnel salaries, travel expenses, budget plans, and expenditure breakdowns. The law aims to increase transparency and accountability in how these agencies operate and spend public funds.