Texas § 451.133 OPERATING EXPENSES AND CAPITAL EXPENDITURES.

Texas Statutes

§ 451.133 — OPERATING EXPENSES AND CAPITAL EXPENDITURES.

Texas § 451.133

Code TNTransportation Code

This text of Texas § 451.133 (OPERATING EXPENSES AND CAPITAL EXPENDITURES.) 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. Transportation Code Code Ann. § 451.133 (2026).

Text

Sec. 451.133. OPERATING EXPENSES AND CAPITAL EXPENDITURES.

(a)An authority may not spend for capital improvements money in excess of the total amount allocated for major capital expenditures in the annual budget.

(b)The board shall adopt rules requiring each major department of the authority to report quarterly on operating expenses and capital expenditures of the department.

(c)The board shall establish a system for tracking the progress of the authority's capital improvement projects.

(d)The board shall maintain, update, and post on the authority's Internet website accounting records for each authority account, including:

(1)the account's balance at the end of the fiscal year;

(2)deposits to the account;

(3)account expenditures; and

(4)interest income to the account.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 451.133. OPERATING EXPENSES AND CAPITAL EXPENDITURES. (a) An authority may not spend for capital improvements money in excess of the total amount allocated for major capital expenditures in the annual budget.
(b) The board shall adopt rules requiring each major department of the authority to report quarterly on operating expenses and capital expenditures of the department.
(c) The board shall establish a system for tracking the progress of the authority's capital improvement projects.
(d) The board shall maintain, update, and post on the authority's Internet website accounting records for each authority account, including:
(1) the account's balance at the end of the fiscal year;
(2) deposits to the account;
(3) account expenditures; and
(4) interest income to the account.