84R11649 BEF-D
By: Fallon H.B. No. 3087
A BILL TO BE ENTITLED
AN ACT
relating to the availability of certain special purpose district
financial information on a district's Internet website.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Chapter 140, Local Government Code, is amended
by adding Section 140.012 to read as follows:
Sec. 140.012. POSTING OF FINANCIAL INFORMATION BY SPECIAL
PURPOSE DISTRICT. (a) In this section, "special purpose district"
means a political subdivision of this state with boundaries that
are not statewide, other than a municipality, county, or
independent school district.
(b) A special purpose district shall maintain a financial
transparency Internet website and shall post to that website:
(1) the district's budget for the district's current
fiscal year and the three preceding fiscal years;
(2) a comprehensive financial report for the
district's three preceding fiscal years; and
(3) an electronic checking account transaction
register with information for the district's current fiscal year
and the three preceding fiscal years that meets the requirements of
Subsections (c), (d), and (e).
(c) A special purpose district shall maintain the
transaction register for the district's checking account in a
searchable electronic spreadsheet format. Except as provided by
Subsection (d), the electronic checking account transaction
register must include for each check written from a district
checking account:
(1) the transaction amount;
(2) the check number;
(3) the name of the payee; and
(4) a statement of the purpose of the expenditure for
which the check was written.
(c-1) Notwithstanding Subsection (c), a special purpose
district's electronic checking account transaction register must
contain the information required by Subsections (c)(1), (2), and
(3) for each check dated before January 1, 2016. A district's
electronic checking account transaction register must contain the
information required by Subsections (c)(1) through (4) for each
check dated on or after January 1, 2016. This subsection expires
December 31, 2019.
(d) A special purpose district may not include in the
district's electronic checking account transaction register a
check issued to a district employee in payment of a workers'
compensation income benefit, medical benefit, death benefit, or
burial benefit that is issued by a special purpose district
operating as a self-insurer under Chapter 504, Labor Code.
(e) A special purpose district shall update the electronic
checking account transaction register at least once each month, not
later than the 90th day after the closing date of the most recent
monthly statement for the checking account.
SECTION 2. This Act takes effect January 1, 2016.