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House Bill 2257 |
House Author: White, James |
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Effective: 9-1-15 |
Senate Sponsor: Hinojosa |
House Bill 2257 amends the Health and Safety Code to revise an eligibility requirement for an emergency services district, other than a district located wholly in Harris County, to file compiled financial statements instead of an audit report. As a condition of eligibility, current law prohibits the district from having any outstanding bonds or liabilities having a term of more than one year during the previous fiscal year. The bill specifies that the outstanding bonds and liabilities to which this condition applies are those secured by property taxes. The bill additionally requires such a district that files compiled financial statements and that maintains a website to post on the district's website the compiled financial statements for the most recent three years.