SECTION 131.61. Financial

(a) The fiscal year of the board shall begin September 1 and close the following August 31. The fiscal year shall be designated to correspond with the calendar year in which it closes.

(b) The operating budget and fees schedule shall be prepared by the executive director and submitted to the board for approval.

(c) Pursuant to the requirements of §2161.003 of the Texas Government Code, the board adopts the rules of the Comptroller of Public Accounts relating to the Historically Underutilized Business (HUB) Program and stated at Texas Administrative Code, Title 34, Part 1, Chapter 20, Subchapter B.

(d) The board adopts by reference the rules of the Office of the Attorney General in Texas Administrative Code, Title 1, Part 3, Chapter 68 relating to Negotiation and Mediation of Certain Contract Disputes to comply with the requirements of Texas Government Code, Chapter 2260, §2260.052(c). The rules set forth a process to permit parties to structure a negotiation or mediation in a manner that is most appropriate for a particular dispute regardless of contract's complexity, subject matter, dollar amount, or method and time of performance.

Source Note: The provisions of this §131.61 adopted to be effective May 20, 2004, 29 TexReg 4871; amended to be effective December 21, 2008, 33 TexReg 10162