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A BILL TO BE ENTITLED
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AN ACT
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relating to certain emergency services districts that are exempted |
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from filing an audit report. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 775.0821, Health and Safety Code, is |
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amended by amending Subsection (a) and adding Subsection (e) to |
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read as follows: |
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(a) This section applies only to a district to which Section |
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775.082 applies that: |
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(1) did not have any outstanding bonds secured by ad |
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valorem taxes or any outstanding liabilities secured by ad valorem |
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taxes having a term of more than one year during the previous fiscal |
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year; |
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(2) did not receive more than a total of $250,000 in |
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gross receipts from operations, loans, taxes, or contributions |
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during the previous fiscal year; and |
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(3) did not have a total of more than $250,000 in cash |
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and temporary investments during the previous fiscal year. |
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(e) A district that files compiled financial statements in |
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accordance with Subsection (b) and that maintains an Internet |
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website shall have posted on the district's website the compiled |
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financial statements for the most recent three years. |
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SECTION 2. This Act takes effect September 1, 2015. |