Sec. 1017.160. SPENDING AND INVESTMENT RESTRICTIONS. (a) Except as provided by this section and Sections 1017.063(d), 1017.111, 1017.201, 1017.204, and 1017.205, 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.
(b) The board may invest operating, depreciation, or building reserves only in funds or securities specified by Chapter 2256, Government Code.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Hospital Districts
Chapter 1017 - Culberson County Hospital District
Subchapter D. General Finance Provisions
Section 1017.152. Notice; Hearing; Adoption of Budget
Section 1017.154. Restriction on Expenditures
Section 1017.156. Annual Audit
Section 1017.157. Inspection of Annual Audit and District Records
Section 1017.158. Financial Report