Bill Text: TX HB3002 | 2011-2012 | 82nd Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to certain conservation and reclamation districts exempted from filing a full audit.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2011-06-17 - Effective immediately [HB3002 Detail]
Download: Texas-2011-HB3002-Introduced.html
Bill Title: Relating to certain conservation and reclamation districts exempted from filing a full audit.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2011-06-17 - Effective immediately [HB3002 Detail]
Download: Texas-2011-HB3002-Introduced.html
82R9121 RWG-D | ||
By: Hughes | H.B. No. 3002 |
|
||
|
||
relating to certain conservation and reclamation districts | ||
exempted from filing a full audit. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 49.198(a), Water Code, is amended to | ||
read as follows: | ||
(a) A district may elect to file annual financial reports | ||
with the executive director in lieu of the district's compliance | ||
with Section 49.191 provided: | ||
(1) the district had no bonds or other long-term (more | ||
than one year) liabilities outstanding during the fiscal period; | ||
(2) the district did not have gross receipts from | ||
operations, loans, taxes, or contributions in excess of $250,000 | ||
[ |
||
(3) the district's cash and temporary investments were | ||
not in excess of $100,000 at any time during the fiscal period. | ||
SECTION 2. Section 49.198(a), Water Code, as amended by | ||
this Act, applies to a district that files its annual financial | ||
report on or after the effective date of this Act. A district that | ||
files its annual financial report before the effective date of this | ||
Act is governed by the law in effect on the date the report is filed, | ||
and that law is continued in effect for that purpose. | ||
SECTION 3. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2011. |