Tex. Loc. Gov't Code § 379A.025 · Subchapter C. BOARD OF DIRECTORS
ADOPTION AND APPROVAL OF BUDGET; REVIEW OF CORPORATE FINANCES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board shall prepare an annual budget for the corporation. To be effective, the budget must be approved by the board and presented to and approved by the governing body of the municipality that created the corporation. The corporation may not make any expenditure authorized by this chapter until the budget has been approved as provided by this section. An amendment of the budget must be approved in the same manner as the budget.
(b) The governing body of the municipality that created the corporation may amend the corporation's budget with the approval of at least two-thirds of the members of the governing body.
(c) The budget presented to the governing body of the municipality that created the corporation must provide a detailed description of the proposed expenditures for the corporation's fiscal year, including expenditures for each program authorized by Subchapter D.
(d) The board shall annually prepare and present financial statements from the preceding fiscal year to the governing body of the municipality that created the corporation.
(e) The governing body of the municipality that created the corporation is entitled, at all times, to access to the books and records of the corporation.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 149, Sec. 1, eff. May 16, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.379A.htm
- Text hash
- sha256 69bf2b4108bce0218ee1f2dd608463af58e2a7a165b306cc4df5661aa15deb50
- 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
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.