Special District Local Laws Code § 1093.160 — United States — Texas law | Esheria

Special District Local Laws Code § 1093.160

The district cannot take on obligations payable from district revenue unless the revenue is already on hand or expected in the current and next fiscal years, except as otherwise provided by Section 1093.107(c) and Subchapter E. The board may invest reserves only in funds or securities allowed by Chapter 2256, Governmen

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Jurisdiction
United States — Texas
Instrument
Code
Version
Undated source snapshot
Language
en
Official source
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investment restrictions spending restrictions

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Statute overview

About this statute

The district cannot take on obligations payable from district revenue unless the revenue is already on hand or expected in the current and next fiscal years, except as otherwise provided by Section 1093.107(c) and Subchapter E. The board may invest reserves only in funds or securities allowed by Chapter 2256, Government Code.

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