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.
Notes
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