Sec. 451.708. DISTRICT ASSETS AND RECORDKEEPING. (a) An asset of the district shall be held in the name of the authority.
(b) The authority shall keep separate books and accounting records for the funds, revenues, expenses, and other property of the district.
Added by Acts 1999, 76th Leg., ch. 155, Sec. 1, eff. May 21, 1999.
Structure Texas Statutes
Subtitle K - Mass Transportation
Chapter 451 - Metropolitan Rapid Transit Authorities
Subchapter O. Advanced Transportation District
Section 451.702. Election Authorized
Section 451.703. Conduct of Initial Election: Separate Result
Section 451.704. Results of Election; Order
Section 451.705. Subsequent Elections
Section 451.706. Limitation on Tax Rate
Section 451.707. Governance of District
Section 451.708. District Assets and Recordkeeping