81st Texas Legislature, Regular Session, House Bill 2619, Chapter 1139 Page: 300 of 950
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H.B. No. 2619
1 (c) The district may not deposit money with a bank in an
2 amount that exceeds the maximum amount secured by the Federal
3 Deposit Insurance Corporation unless the bank first executes a bond
4 or other security in an amount sufficient to secure from loss the
5 district money that exceeds the amount secured by the Federal
6 Deposit Insurance Corporation. (Acts 71st Leg., R.S., Ch. 8, Sec.
7 6.10.)
8 Sec. 1082.160. SPENDING AND INVESTMENT RESTRICTIONS. (a)
9 Except as provided by Sections 1082.110, 1082.201, 1082.204, and
10 1082.205, the district may not incur a debt payable from district
11 revenue other than the revenue on hand or to be on hand in the
12 current and immediately following district fiscal years.
13 (b) The board may invest operating, depreciation, or
14 building reserves only in funds or securities specified by Chapter
15 2256, Government Code. (Acts 71st Leg., R.S., Ch. 8, Sec. 6.09.)
16 [Sections 1082.161-1082.200 reserved for expansion]
17 SUBCHAPTER E. BONDS
18 Sec. 1082.201. GENERAL OBLIGATION BONDS. The board may
19 issue and sell general obligation bonds authorized by an election
20 in the name and on the faith and credit of the district to:
21 (1) purchase, construct, acquire, repair, or renovate
22 buildings or improvements; or
23 (2) equip buildings or improvements for hospital
24 purposes. (Acts 71st Leg., R.S., Ch. 8, Sec. 7.01.)
25 Sec. 1082.202. TAX TO PAY GENERAL OBLIGATION BONDS. (a) At
26 the time general obligation bonds are issued by the district under
27 Section 1082.201, the board shall impose an ad valorem tax at a rate300
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Texas. Legislature. House of Representatives. 81st Texas Legislature, Regular Session, House Bill 2619, Chapter 1139, legislative document, June 19, 2009; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth148576/m1/300/: accessed April 27, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.