TX SB1943

Defines "regulatory agency" as an executive branch entity with statewide authority to grant, deny, or revoke licenses, certifications, or other authorizations for regulated activities

Requires state agencies under Sunset review to post website notices informing the public about the review and how to participate; regulatory agencies must also directly notify all licensees about public hearings and solicit their input on agency performance

Mandates the Sunset Advisory Commission to include in reports an analysis of regulatory agency performance over the preceding 10 years based on performance measure targets in the General Appropriations Act, along with evaluation of whether those targets align with agency mission and goals

Creates a new limited rulemaking review for regulatory agencies beginning in the sixth year after their last Sunset continuation, assessing public participation in rulemaking, conflict of interest rules, and necessity and effectiveness of adopted rules

Establishes mandatory efficiency audits for all state agencies subject to the Texas Sunset Act, to be conducted during the two-year period beginning four years before their scheduled abolition date; audits examine resource use, identify cost savings, and recommend consolidation or elimination of duplicative functions

Requires the state auditor to adopt an efficiency audit schedule by January 1, 2026; audited agencies must pay audit costs and submit implementation plans within 90 days of receiving recommendations, with justification for any declined recommendations