86R10828 TJB-D
By: Cole H.B. No. 2617
A BILL TO BE ENTITLED
AN ACT
relating to the fiscal year of certain political subdivisions.
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. FISCAL YEAR OF POLITICAL SUBDIVISION CREATED
ON OR AFTER SEPTEMBER 1, 2019. A political subdivision that is
created on or after September 1, 2019, and that has authority to
impose a tax must have the same fiscal year as the county in which
the political subdivision is wholly or primarily located.
SECTION 2. This Act takes effect September 1, 2019.