{"data":{"id":"us-tx/tex.-special-district-local-laws-code-1104.160","jurisdiction":"us-tx","citation":"Tex. Special District Local Laws Code § 1104.160","heading":"SPENDING AND INVESTMENT RESTRICTIONS.","body":"(a) Except as provided by Sections 1104.110, 1104.201, 1104.204, and 1104.205, the district may not incur a debt payable from district revenue other than the revenue on hand or to be on hand in the current and immediately following district fiscal years.\n(b) The board may invest operating, depreciation, or building reserves only in funds or securities specified by Chapter 2256, Government Code.\nAdded by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.","path":["SPECIAL DISTRICT LOCAL LAWS CODE","TITLE 3. HEALTH","SUBTITLE A. HOSPITAL DISTRICTS","CHAPTER 1104. TEAGUE HOSPITAL DISTRICT","SUBCHAPTER D. GENERAL FINANCIAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1104.htm#1104.160","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:41Z","sha256":"386f24db72a774c4bd73e11bee198f1261a2fb8668892abb7adba69c4fc24c4f","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-special-district-local-laws-code-1104.159","next":"us-tx/tex.-special-district-local-laws-code-1104.201"},"notice":"GroundRules: Original legal text. Not legal advice."}