Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Special District Local Laws Code § 1037.159: SPENDING AND INVESTMENT RESTRICTIONS.

Where this section sits in the code

SPECIAL DISTRICT LOCAL LAWS CODE
TITLE 3. HEALTH
SUBTITLE A. HOSPITAL DISTRICTS
CHAPTER 1037. HAMLIN HOSPITAL DISTRICT
SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS

(a) Except as otherwise provided by Section 1037.107(c) and by Subchapter E, the board 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 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Collected 2026-08-27T01:47:41Z. Source file · JSON

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