Texas § 9701.153 INVESTMENT AND EXPENDITURE OF PRINCIPAL.

Texas Statutes

§ 9701.153 — INVESTMENT AND EXPENDITURE OF PRINCIPAL.

Texas § 9701.153

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 9701.153 (2026).

Text

Sec. 9701.153. INVESTMENT AND EXPENDITURE OF PRINCIPAL.

(a)The Red Bluff District shall invest the principal amount in accordance with Chapter 2256 , Government Code.

(b)The Red Bluff District shall comply with Chapter 2257 , Government Code, to the extent applicable.

(c)The Red Bluff District may not spend any portion of the principal amount unless the expenditure is approved by an affirmative vote of:

(1)the board of directors of the Red Bluff District; and

(2)the boards of directors of at least five member districts.

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Sec. 9701.153. INVESTMENT AND EXPENDITURE OF PRINCIPAL. (a) The Red Bluff District shall invest the principal amount in accordance with Chapter 2256 , Government Code.
(b) The Red Bluff District shall comply with Chapter 2257 , Government Code, to the extent applicable.
(c) The Red Bluff District may not spend any portion of the principal amount unless the expenditure is approved by an affirmative vote of:
(1) the board of directors of the Red Bluff District; and
(2) the boards of directors of at least five member districts.