Texas Special District Local Laws Code 1006.151 – Budget
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(a) The district administrator shall prepare an annual budget for approval by the board. The budget must be for the fiscal year prescribed by § 1006.152.
(b) Not later than August 31 of each year, the board shall publish notice of a public hearing on the proposed budget. The notice must be published one time in a newspaper of general circulation in the district at least 10 days before the date of the hearing.
Terms Used In Texas Special District Local Laws Code 1006.151
- 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.
- Year: means 12 consecutive months. See Texas Government Code 311.005