Tex. Loc. Gov't Code § 103.005 · Chapter 103. AUDIT OF MUNICIPAL FINANCES
ANNUAL AUDIT AND FILING OF FINANCIAL STATEMENT; PENALTY FOR NONCOMPLIANCE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In this section:
(1) "No-new-revenue tax rate" means the no-new-revenue tax rate calculated under Chapter 26, Tax Code.
(2) "Tax year" has the meaning assigned by Section 1.04, Tax Code.
(b) A person may submit a complaint to the attorney general of a suspected violation of Section 103.001 or 103.003.
(c) Notwithstanding any other law, if the attorney general determines that a municipality has not had its records and accounts audited and an annual financial statement prepared based on the audit as required by Section 103.001 or has not filed the financial statement and the auditor's opinion on the statement in the office of the municipal secretary or clerk before the 180th day after the last day of the municipality's fiscal year as required by Section 103.003, the municipality may not adopt an ad valorem tax rate that exceeds the municipality's no-new-revenue tax rate:
(1) for the tax year that begins on or after the date of the attorney general's determination; or
(2) for a subsequent tax year that begins before the date the municipality has had an annual audit completed and financial statement prepared or filed the financial statement and auditor's opinion on the financial statement with the municipal clerk, as applicable.
Notes and commentary — not statutory text
History
Added by Acts 2025, 89th Leg., R.S., Ch. 158 (S.B. 1851), Sec. 1, eff. September 1, 2025.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.103.htm
- Text hash
- sha256 08bb662a7b98b1e0e4b55a3ddd32d80dc0e8d08b50b467421c72144672eb837d
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Local Government Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.