(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 in which revenue bonds of the district are outstanding; or(2) more than once in a 24-month period. Added by Acts 2009, 81st Leg., R.S., Ch. 876 (S.B. 2517), Sec. 3.01, eff. June 19, 2009.
Texas Legal Code