Tex. Local Government Code § 344.206
This is the official text of Tex. Local Government Code § 344.206, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 344.206. LIMITATIONS ON EXPENDITURES AND INVESTMENTS.
Official statutory text
(a) The district may spend money only for an expense included in the annual budget or an amendment to the budget.
(b) A district may not incur a debt payable from revenues of the district other than the revenues on hand or to be on hand in the current or immediately following fiscal year of the district.
(c) The board may not invest district money in funds or securities other than those specified by Chapter 2256, Government Code.
(b) A district may not incur a debt payable from revenues of the district other than the revenues on hand or to be on hand in the current or immediately following fiscal year of the district.
(c) The board may not invest district money in funds or securities other than those specified by Chapter 2256, Government Code.
Status: in_force · Read it on the official government site
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