Tex. Gov't Code Section 1502.067
Records: Noncash Basis

(a)

A municipality may maintain its records on facilities under this chapter or any other municipal records on a basis other than a cash basis to the extent permitted or required under generally accepted accounting principles for a governmental entity.

(b)

A change in accounting methods does not affect the terms of an existing contract with respect to the power to issue additional obligations payable from the facilities.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. Renumbered from Government Code Sec. 1502.068 and amended by Acts 1999, 76th Leg., ch. 1064, Sec. 22, eff. Sept. 1, 1999.

Source: Section 1502.067 — Records: Noncash Basis, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1502.htm#1502.067 (accessed May 26, 2025).

1502.001
Definitions 1502.002
General Authority for Utility Systems, Parks, and Pools 1502.003
Creation and Maintenance of Combined System 1502.004
Conflict with Municipal Charter 1502.051
Authority to Issue Public Securities 1502.052
Pledge of Revenue 1502.053
Grant of Franchise 1502.054
Obligations Not Payable from Taxes 1502.055
Election 1502.056
Operating Expenses as First Lien 1502.057
Charges for Services 1502.058
Limitation on Use of Revenue 1502.059
Transfer of Revenue to General Fund 1502.060
Use and Investment of Proceeds 1502.061
Additional Obligations to Improve or Extend Utility System 1502.062
Maturity 1502.064
Credit Agreement for Reserve Fund 1502.065
Refunding Bonds 1502.066
Records 1502.067
Records: Noncash Basis 1502.068
Annual Report 1502.069
Offenses 1502.070
Management and Control of Utility System 1502.071
Rules 1502.072
Trustee 1502.073
Notice to Governing Body Before Foreclosure or Other Action 1502.074
Civil Enforcement

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Verified:
May 26, 2025

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Location: https://texas.public.law/statutes/tex._gov't_code_section_1502.067

Original Source: Section 1502.067 — Records: Noncash Basis, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1502.htm#1502.067 (last accessed May 10, 2025).

Tex. Gov't Code Section 1502.067 Records: Noncash Basis

(a)

(b)

Tex. Gov't Code Section 1502.067
Records: Noncash Basis