Sec. 1050.153. FISCAL YEAR. (a) The fiscal year begins on October 1 and ends on September 30, unless otherwise established by the board.
(b) The fiscal year may not be changed:
(1) during a period that revenue bonds of the district are outstanding; or
(2) more than once in a 24-month period.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 1040 (H.B. 2907), Sec. 7, eff. June 14, 2013.