Sec. 344.206. LIMITATIONS ON EXPENDITURES AND INVESTMENTS. (a) The district may spend money only for an expense included in the annual budget or an amendment to the budget.
(b) A district may not incur a debt payable from revenues of the district other than the revenues on hand or to be on hand in the current or immediately following fiscal year of the district.
(c) The board may not invest district money in funds or securities other than those specified by Chapter 2256, Government Code.
Added by Acts 2001, 77th Leg., ch. 1295, Sec. 1, eff. June 1, 2001.
Structure Texas Statutes
Subtitle A - Municipal Public Safety
Chapter 344 - Fire Control, Prevention, and Emergency Medical Services Districts
Subchapter E. District Finances
Section 344.202. Audits and District Records
Section 344.203. Annual Budget Proposal
Section 344.204. Adoption of Budget
Section 344.205. Approval of Budget
Section 344.206. Limitations on Expenditures and Investments
Section 344.207. Account of Disbursements of District
Section 344.208. Deposit of Money