Texas Health and Safety Code 286.129 – Spending and Investment Limitations
Current as of: 2024 | Check for updates
|
Other versions
(a) Except as provided by Sections 286.078(a), 286.141, 286.144, and 286.145, and Chapter 315, 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 investments authorized under Chapter 2256, Government Code.
Terms Used In Texas Health and Safety Code 286.129
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.