Bill Text: TX SB1703 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to the requirements for filing an annual financial statement by a municipality.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2017-03-22 - Referred to Intergovernmental Relations [SB1703 Detail]
Download: Texas-2017-SB1703-Introduced.html
| 85R6562 JCG-F | ||
| By: Bettencourt | S.B. No. 1703 | |
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| 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 [ |
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| 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, 2017. | ||
