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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 special purpose district |
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financial information on a district's Internet website. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Chapter 140, Local Government Code, is amended |
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by adding Section 140.012 to read as follows: |
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Sec. 140.012. POSTING OF FINANCIAL INFORMATION BY SPECIAL |
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PURPOSE DISTRICT. (a) In this section, "special purpose district" |
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means a political subdivision of this state with boundaries that |
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are not statewide, other than a municipality, county, or |
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independent school district. |
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(b) A special purpose district shall maintain a financial |
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transparency Internet website and shall post to that website: |
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(1) the district's budget for the district's current |
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fiscal year and the three preceding fiscal years; |
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(2) a comprehensive financial report for the |
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district's three preceding fiscal years; and |
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(3) an electronic checking account transaction |
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register with information for the district's current fiscal year |
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and the three preceding fiscal years that meets the requirements of |
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Subsections (c), (d), and (e). |
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(c) A special purpose district shall maintain the |
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transaction register for the district's checking account in a |
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searchable electronic spreadsheet format. Except as provided by |
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Subsection (d), the electronic checking account transaction |
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register must include for each check written from a district |
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checking account: |
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(1) the transaction amount; |
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(2) the check number; |
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(3) the name of the payee; and |
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(4) a statement of the purpose of the expenditure for |
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which the check was written. |
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(c-1) Notwithstanding Subsection (c), a special purpose |
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district's electronic checking account transaction register must |
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contain the information required by Subsections (c)(1), (2), and |
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(3) for each check dated before January 1, 2016. A district's |
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electronic checking account transaction register must contain the |
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information required by Subsections (c)(1) through (4) for each |
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check dated on or after January 1, 2016. This subsection expires |
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December 31, 2019. |
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(d) A special purpose district may not include in the |
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district's electronic checking account transaction register a |
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check issued to a district employee in payment of a workers' |
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compensation income benefit, medical benefit, death benefit, or |
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burial benefit that is issued by a special purpose district |
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operating as a self-insurer under Chapter 504, Labor Code. |
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(e) A special purpose district shall update the electronic |
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checking account transaction register at least once each month, not |
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later than the 90th day after the closing date of the most recent |
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monthly statement for the checking account. |
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SECTION 2. This Act takes effect January 1, 2016. |