Texas Government Code 1502.067 – Records: Noncash Basis
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(a) A municipality may maintain its records on facilities under this chapter or any other municipal records on a basis other than a cash basis to the extent permitted or required under generally accepted accounting principles for a governmental entity.
(b) A change in accounting methods does not affect the terms of an existing contract with respect to the power to issue additional obligations payable from the facilities.
Terms Used In Texas Government Code 1502.067
- Contract: A legal written agreement that becomes binding when signed.