31 TAC §525.8
The new rule is adopted on an emergency basis under Chapter
201.020 Agriculture Code, which provides the Texas State Soil and Water Conservation
Board with the authority to adopt rules as necessary for the performance of
its functions under the Agriculture Code.
No other statutes, articles or codes are affected by this new rule.
§525.8.Compliance Contingencies.
(a)
The Annual Financial Report 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 Soil and Water Conservation Board by October 30 of each fiscal
year.
(2)
A District's funds will be placed on "hold" status if the
Annual Financial Statement has been received by the due date but the District
has not corrected errors on the Annual Financial Statement by December 31
of each fiscal year.
(b)
The Audit Report must be filed no later than 120 days after
August 31 of each even numbered years.
(1)
A District's funds will be considered out of compliance
and placed on "hold" status if an Audit Report is not received by the State
Soil and Water Conservation Board by January 1 of each odd numbered year.
(2)
A District's funds will be placed on "hold" status if the
Audit Report has been received by the due date but the District has not corrected
errors on the Audit Report by February 28 of odd numbered years.
This agency hereby certifies that the emergency adoption
has been reviewed by legal counsel and found to be within the agency's legal
authority to adopt.
Filed
with the Office of the Secretary of State on April 29, 2002.
TRD-200202658
Robert G. Buckley
Executive Director
Texas State Soil and Water Conservation Board
Effective Date: April 29, 2002
Expiration Date: June 30, 2002
For further information, please call: (254) 773-2250