| |
| |
|
|
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: |
|
|
(1) for a municipality with a population of less than |
|
|
1.75 million, within 120 [180] days after the last day of the |
|
|
municipality's fiscal year; and |
|
|
(2) for a municipality with a population of 1.75 |
|
|
million or more, within 90 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, 2021. |