Texas Local Government Code 109.006 – Division Duties
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(a) The division shall:
(1) compute the inflation rate used to make determinations under § 109.005 each state fiscal year using a price index that accurately reports changes in the purchasing power of the dollar for municipalities in this state; and
(2) publish the inflation rate in the Texas Register.
(b) The division shall adopt rules establishing the criteria the division uses to approve reductions under § 109.004(2).
Terms Used In Texas Local Government Code 109.006
- 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.