The transcript of any water district subject to Chapter 255 (House Bill 321) Acts 1975, 64th Legislature, shall not be approved if:
  (1) the Texas Water Rights Commission has filed with the attorney general the name of such district as one not in compliance with the Act's requirements relative to filing of audit by such district; and
  (2) such district does not obtain and file with the attorney general a certified copy of:
    (A) filing of audit as required by the act; and
    (B) a letter or certificate issued by authority of the commission indicating that such audit filing is satisfactory to the commission.

Source Note: The provisions of this §53.111 adopted to be effective January 1, 1976.