Sec. 1088.160. 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 may invest operating, depreciation, or building reserves only in funds or securities specified by Chapter 2256, Government Code.
Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Hospital Districts
Chapter 1088 - Reagan Hospital District of Reagan County, Texas
Subchapter D. General Financial Provisions
Section 1088.152. Notice; Hearing; Adoption of Budget
Section 1088.154. Restriction on Expenditures
Section 1088.156. Annual Audit
Section 1088.157. Inspection of Audit and District Records
Section 1088.158. Financial Report