Tex. Loc. Gov't Code § 320.047 · Subchapter C. POWERS AND DUTIES
FINANCIAL STATEMENT; BUDGET.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) On or immediately after January 1 of each year, the board shall prepare and file with the commissioners court a complete financial statement showing the financial status of the board and the properties, funds, and indebtedness under the administration of the board.
(b) The financial statement must show separately all information concerning:
(1) revenue bonds;
(2) the gross revenues from properties or facilities the net revenues of which are pledged to the payment of the revenue bonds and the expenditures from those gross revenues; and
(3) money appropriated by the county for operation and maintenance expenses.
(c) At the same time the financial statement is filed with the commissioners court, the board shall file with the county auditor:
(1) a copy of the financial statement; and
(2) a proposed budget for the board's needs for the current calendar year.
(d) In counties subject to Subchapter B, Chapter 111, the county auditor shall include the proposed budget as part of the county budget prepared and submitted to the commissioners court.
(e) The board shall operate the properties and facilities the net revenues of which are pledged to the payment of revenue bonds in a manner that will produce gross revenues sufficient to pay the operation and maintenance expenses and all payments required under the bond order, so that it is unnecessary to appropriate tax money for the operation and maintenance or for the revenue bond payments.
Notes and commentary — not statutory text
History
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.320.htm
- Text hash
- sha256 284a5402c6094fa2312b18a88ccd5c50a4b030039056904d644569d647b41fbf
- 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
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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.