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AN ACT
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relating to certain conservation and reclamation districts |
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exempted from filing a full audit. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 49.198(a), Water Code, is amended to |
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read as follows: |
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(a) A district may elect to file annual financial reports |
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with the executive director in lieu of the district's compliance |
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with Section 49.191 provided: |
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(1) the district had no bonds or other long-term (more |
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than one year) liabilities outstanding during the fiscal period; |
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(2) the district did not have gross receipts from |
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operations, loans, taxes, or contributions in excess of $250,000 |
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[$100,000] during the fiscal period; and |
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(3) the district's cash and temporary investments were |
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not in excess of $250,000 [$100,000] during the fiscal period. |
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SECTION 2. Section 49.198(a), Water Code, as amended by |
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this Act, applies to a district that files its annual financial |
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report on or after the effective date of this Act. A district that |
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files its annual financial report before the effective date of this |
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Act is governed by the law in effect on the date the report is filed, |
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and that law is continued in effect for that purpose. |
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SECTION 3. 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, 2011. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 3002 was passed by the House on May 5, |
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2011, by the following vote: Yeas 146, Nays 0, 1 present, not |
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voting; and that the House concurred in Senate amendments to H.B. |
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No. 3002 on May 25, 2011, by the following vote: Yeas 144, Nays 0, |
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2 present, not voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 3002 was passed by the Senate, with |
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amendments, on May 24, 2011, by the following vote: Yeas 31, Nays |
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0. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: __________________ |
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Date |
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__________________ |
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Governor |