Sec. 1015.308. SPENDING RESTRICTIONS. After the effective date of the district's dissolution, the board may not spend any money except:
(1) as authorized by law; and
(2) as necessary to pay reasonable dissolution expenses and the district's legal debts incurred before that date.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.
Section: Previous 1015.205 1015.206 1015.207 1015.208 1015.251 1015.252 1015.253 1015.301 1015.302 1015.303 1015.304 1015.305 1015.306 1015.307 1015.308Last modified: September 28, 2016