Tex. Spec. Dist. Local Laws Code Section 1101.160
Spending and Investment Restrictions

(a)

Except as provided by Sections 1101.109 (Construction Contracts), 1101.201 (General Obligation Bonds), 1101.204 (Revenue Bonds), and 1101.205 (Refunding Bonds), 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 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.01, eff. April 1, 2013.

Source: Section 1101.160 — Spending and Investment Restrictions, https://statutes.­capitol.­texas.­gov/Docs/SD/htm/SD.­1101.­htm#1101.­160 (accessed Apr. 29, 2024).

1101.001
Definitions 1101.002
Authority for Operation 1101.003
Essential Public Function 1101.004
District Territory 1101.005
District Support and Maintenance Not State Obligation 1101.006
Restriction on State Financial Assistance 1101.051
Board Election 1101.052
Notice of Election 1101.053
Qualifications for Office 1101.054
Board Vacancy 1101.055
Officers 1101.056
Compensation 1101.057
Voting Requirement 1101.058
District Administrator 1101.059
General Duties of District Administrator 1101.060
Assistant District Administrator 1101.061
Appointment and Recruitment of Staff and Employees 1101.062
Nursing School Scholarships 1101.063
Retirement Benefits 1101.101
District Responsibility 1101.102
Restriction on County Taxation and Debt 1101.103
Management, Control, and Administration 1101.104
Rules 1101.105
Purchasing and Accounting Procedures 1101.106
Mobile Emergency Medical Service 1101.107
District Property, Facilities, and Equipment 1101.108
Gifts and Endowments 1101.109
Construction Contracts 1101.110
Operating and Management Contracts 1101.111
Contracts with Governmental Entities for Services 1101.112
Payment for Treatment 1101.113
Reimbursement for Services 1101.114
Authority to Sue and Be Sued 1101.151
Budget 1101.152
Notice 1101.153
Amendments to Budget 1101.154
Restriction on Expenditures 1101.155
Fiscal Year 1101.156
Annual Audit 1101.157
Inspection of Annual Audit and District Records 1101.158
Financial Report 1101.159
Depository 1101.160
Spending and Investment Restrictions 1101.161
Authority to Borrow Money 1101.201
General Obligation Bonds 1101.202
Tax to Pay General Obligation Bonds 1101.203
General Obligation Bond Election 1101.204
Revenue Bonds 1101.205
Refunding Bonds 1101.206
Maturity of Bonds 1101.207
Execution of Bonds 1101.208
Additional Means of Securing Payment of Bonds 1101.209
Use of Bond Proceeds 1101.210
Bonds Exempt from Taxation 1101.251
Imposition of Ad Valorem Tax 1101.252
Tax Rate 1101.253
Election to Increase Maximum Tax Rate 1101.254
Limit on Annual Increase in Tax Rate 1101.255
Tax Assessor-collector 1101.301
Dissolution 1101.302
Ballot 1101.303
Election Results 1101.304
Transfer or Administration of Assets 1101.305
Board Management of Assets on Dissolution 1101.306
Return of Surplus Taxes 1101.307
Report
Green check means up to date. Up to date

Accessed:
Apr. 29, 2024

§ 1101.160’s source at texas​.gov