(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 2015, 84th Leg., R.S., Ch. 141 (S.B. 2034), Sec. 1, eff. May 28, 2015.
Texas Legal Code