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Texas Local Government Code

§ 109.006 — DIVISION DUTIES

LG § 109.006Title 4. FINANCES · Part A. MUNICIPAL FINANCES · Ch. 109. DETERMINATION OF DEFUNDING MUNICIPALITIES

Statute text

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(a)The division shall:
(1)compute the inflation rate used to make determinations under Section 109.005 each state fiscal year using a price index that accurately reports changes in the purchasing power of the dollar for municipalities in this state; and
(2)publish the inflation rate in the Texas Register.
(b)The division shall adopt rules establishing the criteria the division uses to approve reductions under Section 109.004(2).

Legislative history

Added by Acts 2021, 87th Leg., R.S., Ch. 199 (H.B. 1900), Sec. 1.01, eff. September 1, 2021.

Source: Texas Local Government Code § 109.006 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.