Tex. Spec. Dist. Local Laws Code Section 1082.160
Spending and Investment Restrictions


(a)

Except as provided by Sections 1082.110, 1082.201, 1082.204, and 1082.205, the district may not incur a debt payable from district revenue other than the revenue on hand or to be on hand in the current and immediately following district fiscal years.

(b)

The board may invest operating, depreciation, or building reserves only in funds or securities specified by Chapter 2256 (Public Funds Investment), Government Code.
Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.

Source: Section 1082.160 — Spending and Investment Restrictions, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1082.­htm#1082.­160 (accessed Jun. 5, 2024).

1082.002
Authority for Operation
1082.003
Essential Public Function
1082.004
District Territory
1082.005
District Support and Maintenance Not State Obligation
1082.006
Restriction on State Financial Assistance
1082.051
Board Election
1082.052
Notice of Election
1082.053
Ballot Petition
1082.054
Qualifications for Office
1082.055
Board Vacancy
1082.056
Officers
1082.057
Compensation
1082.058
Voting Requirement
1082.059
District Administrator
1082.060
General Duties of District Administrator
1082.061
Assistant District Administrator
1082.062
Appointment of Staff and Employees
1082.063
Retirement Benefits
1082.101
District Responsibility
1082.102
Restriction on Governmental Entity Taxation and Debt
1082.103
Management, Control, and Administration
1082.104
Rules
1082.105
Purchasing and Accounting Procedures
1082.106
District Property, Facilities, and Equipment
1082.107
Eminent Domain
1082.108
Cost of Relocating or Altering Property
1082.109
Gifts and Endowments
1082.110
Construction Contracts
1082.111
Operating and Management Contracts
1082.112
Contracts with Governmental Entities for Services
1082.113
Payment for Treatment
1082.114
Reimbursement for Services
1082.115
Authority to Sue and Be Sued
1082.151
Budget
1082.152
Notice
1082.153
Amendments to Budget
1082.154
Restriction on Expenditures
1082.155
Fiscal Year
1082.156
Annual Audit
1082.157
Inspection of Annual Audit and District Records
1082.158
Financial Report
1082.159
Depository
1082.160
Spending and Investment Restrictions
1082.201
General Obligation Bonds
1082.202
Tax to Pay General Obligation Bonds
1082.203
General Obligation Bond Election
1082.204
Revenue Bonds
1082.205
Refunding Bonds
1082.206
Maturity of Bonds
1082.207
Execution of Bonds
1082.208
Bonds Exempt from Taxation
1082.251
Imposition of Ad Valorem Tax
1082.252
Tax Rate
1082.253
Tax Assessor-collector

Accessed:
Jun. 5, 2024

§ 1082.160’s source at texas​.gov