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Texas Health and Safety Code - HEALTH & SAFETY § 285.007. Limitation on Use of Proceeds; Audit

Current as of January 01, 2024 | Updated by FindLaw Staff

(a) An advance under a revenue anticipation agreement may be used only for the purposes authorized by this subchapter.

(b) It is not a defense to repayment of advanced amounts that the funds are used for a purpose not authorized by this subchapter.

(c) The auditor of the hospital district shall:

(1) audit the use of advanced funds at the time of the district's regular audit; and

(2) certify to the commissioners court whether those funds are used for proper operating and maintenance purposes authorized by this subchapter.

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Cite this article: FindLaw.com - Texas Health and Safety Code - HEALTH & SAFETY § 285.007. Limitation on Use of Proceeds; Audit - last updated January 01, 2024 | https://codes.findlaw.com/tx/health-and-safety-code/health-safety-sect-285-007/

Read this complete Texas Health and Safety Code - HEALTH & SAFETY § 285.007. Limitation on Use of Proceeds; Audit on Westlaw. Westlaw subscription required.

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