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Texas Local Government Code - LOC GOV'T § 344.206. Limitations on Expenditures and Investments

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

(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.

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Cite this article: FindLaw.com - Texas Local Government Code - LOC GOV'T § 344.206. Limitations on Expenditures and Investments - last updated January 01, 2024 | https://codes.findlaw.com/tx/local-government-code/loc-gov-t-sect-344-206/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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