Sec. 1062.160. SPENDING AND INVESTMENT RESTRICTIONS.Except as otherwise provided by Section 1062.107(e) and by 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 district fiscal year.
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 1062 - Mitchell County Hospital District
Subchapter D. General Financial Provisions
Section 1062.152. Notice; Hearing; Approval of Budget
Section 1062.154. Restriction on Expenditures
Section 1062.156. Annual Audit
Section 1062.157. Inspection of Annual Audit and District Records
Section 1062.158. Financial Report
Section 1062.160. Spending and Investment Restrictions
Section 1062.161. General Authority to Borrow Money; Security
Section 1062.162. Authority to Borrow Money in Emergency; Security