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Terms Used In Texas Education Code 56.128

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.

The total amount of revenue and refunding bonds issued by the board in a state fiscal year may not exceed $75 million.