us-tx/regs
34 Tex. Admin. Code § 10.5 — Alternative Form of Financial Information for Report; Alternative Reporting Option Available for Certain Types of Districts
(a)
A political subdivision that is a district as defined by Water Code, §49.001, complies with the requirements of this subchapter if the district, on an annual basis, complies with the requirements of Water Code, Chapter 49, Subchapter G, regarding audit reports, affidavits of financial dormancy, and annual financial reports, and:
(1) submits the financial documents described in this subsection to the comptroller in the form and manner prescribed by the comptroller, on an annual basis and within 180 days of the end of the most recently completed fiscal year; or
(2) ensures that such documents are made available at a regular office of the district for inspection by any person and, if the district maintains an Internet website, that the documents are posted continuously for public viewing on the district's Internet website.
(b)
For Fiscal Year 2019 and Fiscal Year 2020, a district shall submit to the comptroller, or post on the district's website and make available for public inspection, as applicable, the information described in subsection (a) of this section in accordance with the requirements of this section by the later of 180 days after the end of the respective fiscal year or 180 days after the effective date of this rule, as amended.
(c)
A district that is eligible for and that elects to avail itself of the alternative reporting method described in subsection (a)(2) of this section shall provide upon request confirmation to the comptroller of the district's compliance with that section by: providing an electronic link to the location on the district's website where the pertinent financial documents have been posted for public viewing, if applicable; or by otherwise affirming and acknowledging to the comptroller that the district has made the documents available for public inspection at a regular office of the district.
Source Note: The provisions of this §10.5 adopted to be effective January 3, 2018, 42 TexReg 7718; amended to be effective April 5, 2020, 45 TexReg 2207.
Source: official text