(a) The district operates on the fiscal year established by the board.
(b) The fiscal year may not be changed if revenue bonds of the district are outstanding.

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Terms Used In Texas Health and Safety Code 282.064

  • 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.
  • Year: means 12 consecutive months. See Texas Government Code 311.005

(c) The fiscal year may not be changed more than once in any 24-month period.