Texas § LG.322.047 - FINANCIAL STATEMENT
Full text of Texas The Texas Constitution § LG.322.047 — FINANCIAL STATEMENT, with citation guidance and answers to common questions.
§ LG.322.047. FINANCIAL STATEMENT
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. Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Frequently Asked Questions About Texas § LG.322.047
What does The Texas Constitution § LG.322.047 cover?
Section LG.322.047 ("FINANCIAL STATEMENT") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § LG.322.047?
A common citation format is "The Texas Constitution § LG.322.047" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § LG.322.047 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.