Tex. Special District Local Laws Code § 1008.210

This is the official text of Tex. Special District Local Laws Code § 1008.210, part of Texas’s Special District Local Laws Code — consolidates the individual laws creating Texas's special-purpose local government districts.

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§ 1008.210. SPENDING AND INVESTMENT RESTRICTIONS.

Official statutory text

(a) Except as otherwise provided by this chapter, the district may not incur an obligation payable from district revenues other than the revenues on hand or to be on hand in the current and following district fiscal years.

(b) The board may invest operating, depreciation, or building reserves only in funds or securities specified by Chapter 2256, Government Code.

Status: in_force · Read it on the official government site

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