Skip to main content
Find a Lawyer

Texas Transportation Code - TRANSP § 451.133. Operating Expenses and Capital Expenditures

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

(a) An authority may not spend for capital improvements money in excess of the total amount allocated for major capital expenditures in the annual budget.

(b) The board shall adopt rules requiring each major department of the authority to report quarterly on operating expenses and capital expenditures of the department.

(c) The board shall establish a system for tracking the progress of the authority's capital improvement projects.

(d) The board shall maintain, update, and post on the authority's Internet website accounting records for each authority account, including:

(1) the account's balance at the end of the fiscal year;

(2) deposits to the account;

(3) account expenditures;  and

(4) interest income to the account.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 451.133. Operating Expenses and Capital Expenditures - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-451-133/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard