Tex. Loc. Gov't Code § 344.206 · Subchapter E. DISTRICT FINANCES
LIMITATIONS ON EXPENDITURES AND INVESTMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1295, Sec. 1, eff. June 1, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.344.htm
- Text hash
- sha256 b596d80b5acc39add1475aef92728d474c9b24720c554ba8d89f415dbc8096e2
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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