Texas § 322.047 FINANCIAL STATEMENT; BUDGET.

Texas Statutes

§ 322.047 — FINANCIAL STATEMENT; BUDGET.

Texas § 322.047

Code LGLocal Government Code

This text of Texas § 322.047 (FINANCIAL STATEMENT; BUDGET.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Local Government Code Code Ann. § 322.047 (2026).

Text

Sec. 322.047. FINANCIAL STATEMENT; BUDGET.

(a)On or before July 1 of each year, the board shall prepare and file with the county clerk of each of the counties a complete financial statement showing the financial status of the board and the board's properties, funds, and indebtedness.

(b)The financial statement must show separately all information concerning:

(1)revenue bonds;

(2)income from facilities the income of which is pledged to the bonds, and the expenditures from that income; and

(3)money appropriated to the board by the commissioners courts for operational and maintenance expenses.

(c)At the same time the financial statement is filed, the board shall file with the county clerk of each of the counties a proposed budget of its needs for the next calendar year.

(d)The board sh

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Sec. 322.047. FINANCIAL STATEMENT; BUDGET. (a) On or before July 1 of each year, the board shall prepare and file with the county clerk of each of the counties a complete financial statement showing the financial status of the board and the board's properties, funds, and indebtedness.
(b) The financial statement must show separately all information concerning:
(1) revenue bonds;
(2) income from facilities the income of which is pledged to the bonds, and the expenditures from that income; and
(3) money appropriated to the board by the commissioners courts for operational and maintenance expenses.
(c) At the same time the financial statement is filed, the board shall file with the county clerk of each of the counties a proposed budget of its needs for the next calendar year.
(d) The board shall operate the parks under its control, the revenues of which are pledged to the payment of bonds, in a manner that will produce gross revenues sufficient to pay the operation and maintenance expenses of the facilities.