1371.061 – MANAGEMENT REPORTS. (a) If a governing body
Texas Government Code § 1371.061
Summary
This law requires governing bodies that authorize interest rate management agreements to designate an officer responsible for monitoring these transactions. The designated officer must provide an annual written report detailing all outstanding agreements to the governing body.
Governing bodies must designate an officer for monitoring agreements.
Annual reports on transactions are mandatory.
Reports must detail terms of all outstanding agreements.
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In simple terms: Learn about Texas's MANAGEMENT REPORTS. (a) If a governing body law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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