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79R2978 ATP-D

By:  Noriega                                                      H.B. No. 3157



A BILL TO BE ENTITLED

AN ACT

relating to the requirements for filing an annual financial 
statement by a municipality.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 103.003(a), Local Government Code, is 
amended to read as follows:
	(a)  The annual financial statement, including the auditor's 
opinion on the statement, shall be filed in the office of the 
municipal secretary or clerk within 180 [120] days after the last 
day of the municipality's fiscal year.
	SECTION 2.  The change in law made by this Act to Section 
103.003, Local Government Code, applies only to the filing of a 
financial statement for a fiscal year ending on or after the 
effective date of this Act.
	SECTION 3.  This Act takes effect immediately if it receives 
a vote of two-thirds of all the members elected to each house, as 
provided by Section 39, Article III, Texas Constitution.  If this 
Act does not receive the vote necessary for immediate effect, this 
Act takes effect September 1, 2005.