Tex. Spec. Dist. Local Laws Code § 9701.153 · Subchapter B. GENERAL FINANCIAL PROVISIONS
INVESTMENT AND EXPENDITURE OF PRINCIPAL.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The Red Bluff District shall invest the principal amount in accordance with Chapter 2256, Government Code.
(b) The Red Bluff District shall comply with Chapter 2257, Government Code, to the extent applicable.
(c) The Red Bluff District may not spend any portion of the principal amount unless the expenditure is approved by an affirmative vote of:
(1) the board of directors of the Red Bluff District; and
(2) the boards of directors of at least five member districts.
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.04, eff. April 1, 2013.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.9701.htm
- Text hash
- sha256 26615a51dbee91c84dba91901bbe4d3958b1cd2091c9b3dd0a809fa189736027
- 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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