Texas Special District Local Laws Code 1010.151 – Budget
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Terms Used In Texas Special District Local Laws Code 1010.151
- 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.
An annual budget for each fiscal year shall be prepared as directed by, and for approval of, the board.