Tex. Water Code § 49.198 · Subchapter G. AUDIT OF DISTRICTS
AUDIT REPORT EXEMPTION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A district may elect to file annual financial reports with the executive director in lieu of the district's compliance with Section 49.191 provided:
(1) the district had no bonds or other long-term (more than one year) liabilities outstanding during the fiscal period;
(2) the district did not have gross receipts from operations, loans, taxes, or contributions in excess of $250,000 during the fiscal period; and
(3) the district's cash and temporary investments were not in excess of $250,000 during the fiscal period.
(b) The annual financial report must be accompanied by an affidavit attesting to the accuracy and authenticity of the financial report signed by a duly authorized representative of the district.
(c) The annual financial report and affidavit in a format prescribed by the executive director must be on file with the executive director within 45 days after the close of the district's fiscal year.
(d) Districts governed by this section are subject to periodic audits by the executive director.
Notes and commentary — not statutory text
History
Added by Acts 1995, 74th Leg., ch. 715, Sec. 2, eff. Sept. 1, 1995. Amended by Acts 1997, 75th Leg., ch. 1070, Sec. 10, eff. Sept. 1, 1997.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 444 (S.B. 1361), Sec. 1, eff. August 29, 2011.
Acts 2011, 82nd Leg., R.S., Ch. 1021 (H.B. 2694), Sec. 4.23, eff. September 1, 2011.
Acts 2011, 82nd Leg., R.S., Ch. 1037 (H.B. 3002), Sec. 1, eff. June 17, 2011.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.49.htm
- Text hash
- sha256 e9f326d5132944ec6e9f093be1cb3ca729d8c9be7f7912a7b1d1f80cdde1c9e7
- 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.
Cited by 9 provisions
Provisions in this library whose text cites Tex. Water Code § 49.198. Each shows the citation as that text prints it.
Special District Local Laws Code
- Tex. Spec. Dist. Local Laws Code § 3792.0316AUDIT EXEMPTION.Printed as Section 49.198, Water Code
- Tex. Spec. Dist. Local Laws Code § 3901.209AUDIT EXEMPTION.Printed as Section 49.198, Water Code
- Tex. Spec. Dist. Local Laws Code § 3944.165AUDIT EXEMPTION.Printed as Section 49.198, Water Code
- Tex. Spec. Dist. Local Laws Code § 3945.0315AUDIT EXEMPTION.Printed as Section 49.198, Water Code
- Tex. Spec. Dist. Local Laws Code § 3967.0315AUDIT EXEMPTION.Printed as Section 49.198, Water Code
- Tex. Spec. Dist. Local Laws Code § 3975.0315AUDIT EXEMPTION.Printed as Section 49.198, Water Code
- Tex. Spec. Dist. Local Laws Code § 3979.0315AUDIT EXEMPTION.Printed as Section 49.198, Water Code
- Tex. Spec. Dist. Local Laws Code § 3984.0316AUDIT EXEMPTION.Printed as Section 49.198, Water Code
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