Section 3902.255 - Quarterly Reporting(a) After the district incurs an obligation described by Section 3902.253 and until all obligations of the district are paid in full or otherwise satisfied, the district shall submit a quarterly financial report to the city.(b) The report must be based on sound accounting methods and detail:(1) the obligation incurred;(2) the amount of the obligation that has been repaid; and(3) any other information the city requires.Tex. Spec. Dist. Loc. Laws § 3902.255
Added by Acts 2011, 82nd Leg., R.S., Ch. 1195, Sec. 1, eff. 9/1/2011.