(a) Not later than June 1 of each year, the board shall prepare and file with the commissioners court a full, detailed report of the condition of the district. The report must include:
- (1) an estimate of the cost of maintenance, operation, and needed repairs for the succeeding year;
- (2) an inventory of all funds and other property of the district; and
- (3) a list of all legal demands, debts, and obligations against the district.
- (b) The board shall verify the report.
- (c) The commissioners court shall carefully investigate and consider the report before setting a tax rate.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.