Sec. 281.061. FISCAL YEAR; AUDIT. (a) The fiscal year of an authority is a calendar year, unless it is changed by the board.
(b) An authority shall keep a complete system of accounts. An independent certified public accountant or a firm of independent certified public accountants shall prepare an audit of an authority's affairs each year. A signed copy of the audit report shall be delivered to each member of the board within 120 days after the last day of the fiscal year. A copy of the audit shall be kept on file at the authority office and, as a public record, is open for inspection by any interested person during normal office hours.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Structure Texas Statutes
Title 9 - Public Buildings and Grounds
Subtitle A - Municipal Public Buildings and Grounds
Chapter 281 - Municipal Civic Center Authorities
Subchapter D. Powers and Duties
Section 281.041. Organizational Expenses
Section 281.045. Duration of Certain Leases
Section 281.047. Contracts Over $50,000
Section 281.048. Construction Bids; Contracts; Bonds
Section 281.050. Acquisition of Land and Other Property
Section 281.051. Eminent Domain
Section 281.053. Costs, Deposits, and Appeal Bonds
Section 281.054. Costs of Relocation
Section 281.055. Surplus Property
Section 281.056. Addition of Municipalities
Section 281.058. Surety Bond Premiums