Sec. 1110.160. SPENDING AND INVESTMENT RESTRICTIONS. (a) Except as otherwise provided by Section 1110.108(b) and Sections 1110.201-1110.207, 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 fund reserves only in funds or securities specified by Chapter 2256, Government Code.
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Hospital Districts
Chapter 1110 - Val Verde County Hospital District
Subchapter D. General Financial Provisions
Section 1110.152. Proposed Budget: Notice and Hearing; Approval of Budget
Section 1110.154. Restriction on Expenditures
Section 1110.156. Annual Audit
Section 1110.157. Inspection of Audit and District Records