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Texas Government Code - GOV'T § 2306.112. Preparation and Content of Annual Budget

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) On or before August 1 of each year, the director shall file with the board a proposed annual budget for the housing finance division for the succeeding fiscal year.

(b) The budget shall state:

(1) the general categories of expected expenditures from revenues and income of the housing finance division;

(2) the amount of expected expenditures for each category;

(3) expected operating expenses of the housing finance division;  and

(4) the proposed use of projected year-end unencumbered balances.

(c) The budget may include a provision or reserve for contingencies or overexpenditures.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 2306.112. Preparation and Content of Annual Budget - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-2306-112/

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