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Texas Special District Local Laws Code

§ 1004.209 — DEBT LIMITATION

SD § 1004.209Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1004. BALLINGER MEMORIAL HOSPITAL DISTRICT · Art. E. GENERAL FINANCIAL PROVISIONS

Statute text

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Except as provided by Chapter 1207, Government Code, and Sections 1004.116, 1004.251, and 1004.254, the district may not incur a debt payable from district revenue other than revenue available in the current fiscal year and the immediately following fiscal year of the district.

Legislative history

Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.01, eff. April 1, 2007.

Source: Texas Special District Local Laws Code § 1004.209 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.