81st Texas Legislature, Regular Session, Senate Bill 1540, Chapter 85 Page: 82 of 126

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SS.B. No. 1540
OTHER POLITICAL SUBDIVISIONS. A district may contract with a
county or other political subdivision of this state for the
dist ict to provide commuter rail transportation services to an
are outside the district on terms to which the parties agree.
(V.A.C. S. Art. 6550c-1, Sec. 4(n).)
[Sections 173.210-173.250 reserved for expansion]
SUBCHAPTER F. FINANCIAL PROVISIONS
Sec. 173.251. FISCAL YEAR. Unless the board changes the
fiscal year, the district's fiscal year ends on September 30.
(V.A.C.S. Art. 6550c-1, Sec. 4(p) (part).)
Sec. 173.252. ANNUAL BUDGET. (a) Before beginning the
operation of commuter rail facilities, the board shall adopt an
annual operating budget specifying the district's anticipated
revenue and expenses for the remainder of the fiscal year. The
district shall adopt an operating budget for each succeeding fiscal
year. I
(b) The board must hold a public hearing before adopting
each budget except the initial budget. Notice of the hearing must
beuib lished at least seven days before the date of the hearing in a
ne wspaper of general circulation in the district.
1 (c) A budget may be amended at any time if notice of the
Spro sed amendment is given in the notice of meeting.
3 (d) An expenditure that is not budgeted may not be made.
4 (V, C.S. Art. 6550c-1, Sec. 4(p), (part).)
5 1 Sec. 173.253. GRANTS AND LOANS. A district may accept
6 grants and loans from the United States, this state and its agencies
7 an political subdivisions, public or private corporations, and
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