(a) A political subdivision that is a district as defined
by Water Code, §49.001, complies with the requirements of this
subchapter if the district, on an annual basis, complies with the
requirements of Water Code, Chapter 49, Subchapter G, regarding audit
reports, affidavits of financial dormancy, and annual financial reports,
and:
(1) submits the financial documents described in this
subsection to the comptroller in the form and manner prescribed by
the comptroller, on an annual basis and within 180 days of the end
of the most recently completed fiscal year; or
(2) ensures that such documents are made available
at a regular office of the district for inspection by any person and,
if the district maintains an Internet website, that the documents
are posted continuously for public viewing on the district's Internet
website.
(b) For Fiscal Year 2019 and Fiscal Year 2020, a district
shall submit to the comptroller, or post on the district's website
and make available for public inspection, as applicable, the information
described in subsection (a) of this section in accordance with the
requirements of this section by the later of 180 days after the end
of the respective fiscal year or 180 days after the effective date
of this rule, as amended.
(c) A district that is eligible for and that elects
to avail itself of the alternative reporting method described in subsection
(a)(2) of this section shall provide upon request confirmation to
the comptroller of the district's compliance with that section by:
providing an electronic link to the location on the district's website
where the pertinent financial documents have been posted for public
viewing, if applicable; or by otherwise affirming and acknowledging
to the comptroller that the district has made the documents available
for public inspection at a regular office of the district.
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