Special District Local Laws Code § 1045.160
The district may not incur debt payable from district revenue beyond revenue on hand or expected in the current and next fiscal year, except as allowed by specified sections. The board may invest certain reserves in approved investments or other vehicles if it finds the investment is in the district’s best interest and
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
Statute overview
About this statute
The district may not incur debt payable from district revenue beyond revenue on hand or expected in the current and next fiscal year, except as allowed by specified sections. The board may invest certain reserves in approved investments or other vehicles if it finds the investment is in the district’s best interest and constitutional.
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Special District Local Laws Code § 1045.160
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