Texas Administrative Code
Title 31 - NATURAL RESOURCES AND CONSERVATION
Part 17 - TEXAS STATE SOIL AND WATER CONSERVATION BOARD
Chapter 525 - AUDIT REQUIREMENTS FOR SOIL AND WATER CONSERVATION DISTRICTS
Subchapter A - AUDITS OF DISTRICTS
Section 525.8 - Compliance Contingencies
Universal Citation: 31 TX Admin Code ยง 525.8
Current through Reg. 49, No. 38; September 20, 2024
(a) An annual financial statement must be filed no later than 60 days after August 31 of each fiscal year.
(1) A District's funds will be
considered out of compliance and placed on "hold" status if an annual financial
statement is not received by the State Board by October 30 of each fiscal
year.
(2) A District's funds will
be placed on "hold" status if an annual financial statement has been received
by the due date but the District has not corrected errors by December 31 of
each fiscal year.
(b) An audit must be filed no later than 120 days after August 31 of each even numbered year.
(1) A District's funds will be
considered out of compliance and placed on "hold" status if an audit is not
received by the State Board by January 1 of each odd numbered year.
(2) A District's funds will be placed on
"hold" status if an audit has been received by the due date but the District
has not corrected errors by February 28 of odd numbered years.
(c) A compilation and review must be filed no later than 120 days after August 31 of each year.
(1) A District's funds will be considered out
of compliance and placed on "hold" status if a compilation and review is not
received by the State Board by January 1.
(2) A District's funds will be placed on
"hold" status if the compilation and review has been received by the due date
but the District has not corrected errors by February 28 of each fiscal
year.
(d) A district's hold status will be removed upon becoming compliant, or the Executive Director, or designee, temporarily exempts the hold requirements on a district if it creates an undue hardship due to extenuating circumstances; such as, but not limited to natural disasters.
Disclaimer: These regulations may not be the most recent version. Texas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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