(a) A hospital district may contract for necessary goods and consolidated billing, accounting, and other services to be provided in connection with a deferred compensation plan.
(b) In a contract under Subsection (a), the hospital district may provide for periodic audits of the person with whom the contract is made. An audit may cover:
(1) the proper handling and accounting of public or trust funds; and
(2) other matters related to the proper performance of the contract.
(c) The hospital district may contract with a private entity to conduct an audit under Subsection (b).