(a) The district operates according to a fiscal year established by the board.(b) The fiscal year may not be changed:(1) during a period that revenue bonds of the district are outstanding; or(2) more than once in a 24-month period. Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.01, eff. April 1, 2007.
Texas Legal Code