Tex. Spec. Dist. Local Laws Code § 3001.151 · Subchapter D. FINANCES AND OBLIGATIONS
POWERS AND DUTIES RELATED TO FINANCES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The district may:
(1) acquire and dispose of money;
(2) impose a charge for using a facility or a service the district provides;
(3) issue an obligation as provided by this subchapter;
(4) borrow money;
(5) loan money;
(6) invest money under its control in an investment permitted by Chapter 2256, Government Code;
(7) select a depository;
(8) establish a system of accounts for the district; and
(9) set the fiscal year for the district.
(b) The district shall endeavor to raise revenue sufficient to pay the district's debts.
(c) The board by rule shall establish the procedure and number of directors' signatures required to disburse or transfer district money.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3001.htm
- Text hash
- sha256 c521ab7d56a110b3ee0f1fe06972677dee9d10cb0f72384108072bbfaf948e61
- 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
This section cites
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.