1007.151 – BUDGET. The board shall prepare a budget that
Texas Special District Local Laws Code § 1007.151
Summary
This law requires the board of a special district to create a budget that outlines expected expenses, revenues, and necessary tax levies for the upcoming fiscal year. It affects special districts in Texas by ensuring financial planning and transparency.
Board must prepare a detailed budget annually.
Budget includes proposed expenditures and estimated revenues.
Taxes required to meet the budget must be specified.
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In simple terms: Learn about Texas's BUDGET. The board shall prepare a budget that 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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