Special District Local Laws Code § 1039.159
The district may not take on debt payable from district revenue beyond money on hand or expected to be on hand in the current and next fiscal years, except as allowed by Section 1039.107(c) or Subchapter E. The board may invest certain reserves only in the funds or securities allowed by Chapter 2256, Government Code.
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- United States — Texas
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- en
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Special District Local Laws Code § 1039.159
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