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TX HB1673
Bill
Status
12/18/2024
Primary Sponsor
Nate Schatzline
Click for details
AI Summary
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Requires municipal governing bodies to prepare annual financial statements for each fund under their authority, showing total receipts itemized by source (taxes, assessments, service charges, grants, gifts), total disbursements itemized by expenditure type, and year-end fund balances
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Mandates municipalities submit these financial statements to the Texas Comptroller within two months after the end of their fiscal year
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Requires the Comptroller to post municipal financial statements on the Comptroller's website in a location easily searchable by municipality name
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Directs the Comptroller to adopt rules necessary to implement the financial statement submission and publication requirements
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Takes effect September 1, 2025
Legislative Description
Relating to the publication of annual financial statements by a municipality.
Taxation
Last Action
Referred to Intergovernmental Affairs
3/12/2025