- (a) A copy of the Audit Report or the Annual Financial Report required by this subchapter shall be filed with the Governor's Office, the Legislative Budget Board, and the State Board.
- (b) Districts not exempted by §525.5 of this title (relating to audit exemption) must file three copies of the Audit Report with the State Board no later than 120 days after August 31 of even numbered years.
- (c) Districts governed by the provisions of §525.5 of this title must file three copies of the Annual Financial Report with the State Board no later than 60 days after August 31 of each year.
- (d) The filings required by subsections (b) and (c) of this section will satisfy the filing requirement for subsection (a) of this section.
- (e) After proper review the State Board will forward the required copies of the Audit Report or the Annual Financial Report to the Governor's Office and the Legislative Budget Board.
Source Note:The provisions of this §525.7 adopted to be effective June 17, 1999, 24 TexReg 4454.