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

Tex. Special District Local Laws Code § 1045.161: AUTHORITY TO BORROW MONEY; SECURITY.

Where this section sits in the code

SPECIAL DISTRICT LOCAL LAWS CODE
TITLE 3. HEALTH
SUBTITLE A. HOSPITAL DISTRICTS
CHAPTER 1045. HUTCHINSON COUNTY HOSPITAL DISTRICT
SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS

(a) The board may borrow money for district operating expenses in an amount not to exceed the amount of tax or other revenue the district expects to receive during the fiscal year in which the money is borrowed.

(b) To repay the debt, the board may pledge all or part of the tax or other revenue received during the fiscal year in which the board borrows money under this section.

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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