SECTION 31.7. Internal Audit Advisory Committee

(a) Pursuant to Texas Alcoholic Beverage Code § 5.21 and commission Rule 31.6, the commission hereby establishes an Internal Audit Advisory Committee ("Committee").

(b) The purpose, role, and goal of the Committee is to advise the commission on the agency's internal audit processes.

(c) The presiding officer of the commission may appoint not more than two commissioners and three members of the public to serve on the Committee. The Committee shall select from among its members a presiding officer.

(d) Each public member must either:

(1) hold an ownership interest or management position with an active TABC licensee or permittee; or

(2) hold a certified public accountant license or similar financial industry credentials.

(e) The commission's general counsel or another commission attorney assigned by the general counsel shall provide legal counsel to the Committee.

(f) Within 60 days after the first Committee meeting, Committee members shall complete training provided by the commission's General Counsel's office regarding compliance with the Texas Public Information Act and other applicable ethics rules.

(g) The Committee shall report to the commission at the times and in the manner it determines will best assist the commission and in compliance with the Texas Open Meetings Act.

Source Note: The provisions of this §31.7 adopted to be effective February 14, 2022, 47 TexReg 647; amended to be effective February 13, 2023, 48 TexReg 659