(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 district revenue bonds are outstanding; or(2) more than once in any 24-month period. Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.
Texas Legal Code