QUARTERLY REPORTING.
Tex. SPEC. DIST. LOCAL LAWS Code § 3902.255.
in effect(a) After the district incurs an obligation described by Section 3902.253 and until all obligations of the district are paid in full or otherwise satisfied, the district shall submit a quarterly financial report to the city.
(b) The report must be based on sound accounting methods and detail:
(1) the obligation incurred;
(2) the amount of the obligation that has been repaid; and
(3) any other information the city requires.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1195 (H.B. 3859 ), Sec. 1, eff. September 1, 2011.