| (a) In order to comply with §10.2 of this title
(relating to Annual Local Debt Report Required from Political Subdivision),
on an annual basis, and within 180 days of the end of the most recently
completed fiscal year, a political subdivision shall, in accordance
with the reporting requirements set forth under Local Government Code, §140.008,
either:
(1) submit an Annual Local Debt Report to the comptroller
as described in §10.3 of this title (relating to Submission of
Annual Local Debt Report to Comptroller), in the form and in the manner
prescribed by the comptroller and, if the political subdivision maintains
an Internet website, continually maintain a link from its website
to the location on the comptroller's website where the political subdivision's
financial information may be viewed; or
(2) post its contact information and the information
required in an Annual Local Debt Report on the political subdivision's
own Internet website and make the report available for inspection
by any person in accordance with other law.
(b) For Fiscal Year 2019 and Fiscal Year 2020, a political
subdivision shall submit to the comptroller or post the annual debt
information described in subsection (a) 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 political subdivision that elects to post a report
of its financial information on its own Internet website as described
in subsection (a)(2) of this section shall provide upon request an
electronic link to the location on the political subdivision's website
where the information can be viewed to facilitate compliance with
the requirements of this subsection and to enable the comptroller
to maintain a searchable database of local debt information that is
comprehensive, accurate, and complete.
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