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A BILL TO BE ENTITLED
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AN ACT
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relating to the availability of certain school district financial |
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information on districts' Internet websites. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter A, Chapter 44, Education Code, is |
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amended by adding Sections 44.0035 and 44.0051 to read as follows: |
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Sec. 44.0035. POSTING OF DISTRICT GENERAL LEDGER. (a) A |
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school district shall post on the district's Internet website the |
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district's general ledger statement containing all asset, |
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liability, capital, income, and expense accounts. |
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(b) The district shall: |
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(1) post an updated general ledger statement at least |
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once each calendar quarter; and |
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(2) maintain each general ledger quarterly statement |
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until the third anniversary of the date of that statement. |
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(c) The general ledger must be prepared according to |
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generally accepted accounting principles. |
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Sec. 44.0051. POSTING OF ADOPTED BUDGET. (a) On final |
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approval of the budget by the board of trustees, the school district |
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shall post on the district's Internet website a copy of the budget |
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adopted by the board of trustees. The district's Internet website |
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must prominently display the electronic link to the adopted budget. |
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(b) The district shall maintain the adopted budget on the |
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district's Internet website until the third anniversary of the date |
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the budget was adopted. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2009. |