Sec. 1501.323. ADVANCE INTERIM ASSESSMENTS. (a) The system may make advance interim assessments as reasonable and necessary for organizational and interim operating expenses.
(b) After the end of the fiscal year, the system shall credit an interim assessment made under this section as an offset against regular assessments due.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. April 1, 2005.
Section: Previous 1501.316 1501.317 1501.318 1501.319 1501.320 1501.321 1501.322 1501.323 1501.324 1501.325 1501.326 1501.351 1501.352 1501.353 1501.354 NextLast modified: September 28, 2016