Sec. 1038.160. SPENDING AND INVESTMENT RESTRICTIONS. (a) Except as otherwise provided by this chapter, 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 shall invest operating, depreciation, or building reserves in accordance with 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 1038 - Hardeman County Hospital District
Subchapter D. General Financial Provisions
Section 1038.152. Notice; Hearing; Adoption of Budget
Section 1038.154. Restriction on Expenditures
Section 1038.156. Annual Audit
Section 1038.157. Inspection of Annual Audit and District Records
Section 1038.158. Financial Report