Texas Water Code 49.158 – Fiscal Year
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Terms Used In Texas Water Code 49.158
- Board: means the governing body of a district. See Texas Water Code 49.001
- Director: means either a supervisor or director appointed or elected to the board. See Texas Water Code 49.001
- District: means any district or authority created by authority of either Sections Texas Water Code 49.001
- Executive director: means the executive director of the commission. See Texas Water Code 49.001
- 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
Within 30 days after a district becomes financially active, the board shall adopt a fiscal year by a formal board resolution. The district shall notify the executive director of the adopted fiscal year within 30 days after adoption. The district may change its fiscal year at any time; provided, however, it may not be changed more than once in any 24-month period. After any change in the district’s fiscal year, the district shall notify the executive director of the changed fiscal year within 30 days after adoption.