Sec. 451.102. BUDGET. (a) A board shall adopt an annual operating budget of all major expenditures by type and amount. The board shall adopt the budget before the beginning of the fiscal year to which the budget applies and before the authority may conduct any business in the fiscal year.
(b) The board shall hold a public hearing on a proposed annual operating budget before adopting the budget and shall, at least 14 days before the date of the hearing, make the proposed budget available to the public.
(c) The board after public notice and a hearing may by order amend an annual operating budget.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle K - Mass Transportation
Chapter 451 - Metropolitan Rapid Transit Authorities
Subchapter C. Management of Authority
Section 451.103. Operating Expenditures
Section 451.104. Investment Powers: Certain Authorities
Section 451.105. Depository; Deposit of Funds
Section 451.106. General Manager; Management Policies: Certain Authorities
Section 451.1075. Prohibition of Consumption of Alcoholic Beverage
Section 451.108. Peace Officers
Section 451.109. Advisory Committee
Section 451.110. Purchases: Competitive Bidding
Section 451.111. Purchases: Notice of Noncompetitive Bid Proposals
Section 451.112. Conflicts of Interest: Board Members
Section 451.113. Driving on Certain Authority Right-of-Way; Penalty