Special District Local Laws Code § 1027.159
The district cannot take on obligations payable from district revenue unless the revenue is already on hand or expected on hand in the current and next fiscal years, except as otherwise provided elsewhere. The board may invest certain reserves only in funds or securities allowed by Chapter 2256, Government Code.
- Jurisdiction
- United States — Texas
- Instrument
- Code
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- Undated source snapshot
- Language
- en
- Official source
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Special District Local Laws Code § 1027.159
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