§ 326.061 General Powers of District
§ 326.062 Employee Plans
§ 326.063 Suits
§ 326.064 Rules
§ 326.065 Fees
§ 326.066 Depository
§ 326.067 Investments
§ 326.068 Expenditures
§ 326.069 Accounts and Records; Audits
§ 326.070 Fiscal Year
§ 326.071 Repayment of Organizational Expenses
§ 326.072 Gifts, Grants, and Donations

Terms Used In Texas Local Government Code Chapter 326 > Subchapter D - Powers and Duties

  • 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.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
  • Rule: includes regulation. See Texas Government Code 311.005
  • Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
  • Trustee: A person or institution holding and administering property in trust.
  • Year: means 12 consecutive months. See Texas Government Code 311.005