Tex. Health & Safety Code Section 287.129
Spending and Investment Limitations

(a)

Except for construction contracts under Section 287.077 (Construction Contracts)(a) or as provided by Sections 287.142 (Revenue Bonds) and 287.143 (Refunding Bonds), the 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 and immediately following fiscal year of the district.

(b)

The board may invest operating, depreciation, or building reserves only in:

(1)

bonds of the United States;

(2)

certificates of indebtedness issued by the United States secretary of the treasury;

(3)

bonds of this state or a county, municipality, or school district of this state; or

(4)

shares or share accounts of savings and loan associations organized under the laws of this state or federal savings and loan associations domiciled in this state, if the shares or share accounts are insured by the Federal Deposit Insurance Corporation.
Added by Acts 1999, 76th Leg., ch. 1293, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.102, eff. Sept. 1, 2001.

Source: Section 287.129 — Spending and Investment Limitations, https://statutes.­capitol.­texas.­gov/Docs/HS/htm/HS.­287.­htm#287.­129 (accessed Jun. 5, 2024).

287.001
Definitions 287.002
District Authorization 287.021
Creation by Concurrent Orders 287.022
Contract Terms 287.023
Purpose and Duties 287.024
Funding 287.041
Board of Directors 287.042
Qualifications for Office 287.043
Bond 287.044
Board Vacancy 287.045
Officers 287.046
Officers’ Terms 287.047
Compensation 287.048
Voting Requirement 287.049
Administrator and Additional Staff 287.050
Appointments to Staff 287.051
Technicians, Nurses, and Other District Employees 287.052
General Duties of Administrator 287.053
Retirement Benefits 287.071
Responsibility of Governmental Entity 287.072
District Responsibilities 287.073
Management, Control, and Administration 287.074
District Rules 287.075
Methods and Procedures 287.076
Health Care Property, Facilities, and Equipment 287.077
Construction Contracts 287.078
District Contracts and Collaborations 287.079
Payment for Health Care Services 287.080
Reimbursement for Services 287.081
Service Contracts 287.082
Gifts and Endowments 287.083
Authority to Sue and Be Sued 287.101
Dissolution 287.102
Transfer of Assets After Dissolution 287.103
Administration of Property, Debts, and Assets After Dissolution 287.104
Accounting 287.121
Fiscal Year 287.122
Annual Audit 287.123
District Audit and Records 287.124
Annual Budget 287.125
Notice 287.126
Amending Budget 287.127
Limitation of Expenditures 287.128
Sworn Statement 287.129
Spending and Investment Limitations 287.130
Depository 287.131
Ad Valorem Taxation 287.141
General Obligation Bonds 287.142
Revenue Bonds 287.143
Refunding Bonds 287.144
Interest and Maturity 287.145
Execution of Bonds 287.146
Approval and Registration of Bonds 287.147
Bonds as Investments 287.148
Bonds as Security for Deposits 287.149
Tax Status of Bonds
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 287.129’s source at texas​.gov