(a) The district operates on 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 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.
Texas Legal Code