Tex. Transp. Code § 451.708

DISTRICT ASSETS AND RECORDKEEPING

Added by Acts 1999, 76th Leg., ch. 155, Sec. 1, eff

(a) An asset of the district shall be held in the name of the authority.

(b) The authority shall keep separate books and accounting records for the funds, revenues, expenses, and other property of the district.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.