Texas Occupations Code 2001.157 – Supplemental Information
Terms Used In Texas Occupations Code 2001.157
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Property: means real and personal property. See Texas Government Code 311.005
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
- Year: means 12 consecutive months. See Texas Government Code 311.005
At any time the commission, the appropriate governing body, or the attorney general may make a written request of a commercial lessor to disclose:
(1) the cost of the premises and appraised value for property tax purposes or annual net lease rent, whichever is applicable;
(2) gross rentals received and itemized expenses for the preceding calendar or fiscal year, if any;
(3) gross rentals, if any, derived from bingo during the preceding calendar or fiscal year;
(4) the computation by which the proposed rental schedule was determined;
(5) the number of occasions on which the lessor anticipates receiving rent for bingo during the next year or shorter period if applicable and the proposed rent for each of those occasions;
(6) estimated gross rental income from all other sources during the next year; and
(7) estimated expenses itemized for the current year and the amount of each item allocated to bingo rentals.