Sec. 1018.160. SPENDING AND INVESTMENT RESTRICTIONS. (a) Except as otherwise provided by Sections 1018.107(c) and 1018.161 and Subchapter E, the district may not incur an obligation payable from district revenue other than the revenue on hand or to be on hand in the current and 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 1018 - Dallam-Hartley Counties Hospital District
Subchapter D. General Financial Provisions
Section 1018.152. Notice; Hearing; Adoption of Budget
Section 1018.154. Restriction on Expenditures
Section 1018.156. Annual Audit
Section 1018.157. Inspection of Annual Audit and District Records
Section 1018.158. Financial Report
Section 1018.160. Spending and Investment Restrictions
Section 1018.161. General Authority to Borrow Money; Security