DecisionDepot
California legal research

Texas Special District Local Laws Code

§ 1024.160 — SPENDING AND INVESTMENT RESTRICTIONS

SD § 1024.160Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1024. ECTOR COUNTY HOSPITAL DISTRICT · Art. D. GENERAL FINANCIAL PROVISIONS

Statute text

View on source
(a)The district may acquire, sell, lease, or contract for personal property in accordance with Subchapter A, Chapter 271, Local Government Code.
(b)Except as provided by Subsection (a) and Sections 1024.111, 1024.201, 1024.204, and 1024.205, the district may not incur a debt payable from district revenue other than the revenue on hand or to be on hand in the current and immediately following district fiscal years.
(c)The board may invest operating, depreciation, or building reserves only in funds or securities specified by Chapter 2256, Government Code.

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Source: Texas Special District Local Laws Code § 1024.160 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.