Texas Special District Local Laws Code § 3902.255 Quarterly Reporting

Sec. 3902.255. QUARTERLY REPORTING. (a) After the district incurs an obligation described by Section 3902.253 and until all obligations of the district are paid in full or otherwise satisfied, the district shall submit a quarterly financial report to the city.

(b) The report must be based on sound accounting methods and detail:

(1) the obligation incurred;

(2) the amount of the obligation that has been repaid; and

(3) any other information the city requires.

Added by Acts 2011, 82nd Leg., R.S., Ch. 1195 (H.B. 3859), Sec. 1, eff. September 1, 2011.

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Last modified: September 28, 2016