Sec. 1015.308. SPENDING RESTRICTIONS

Latest version.

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 , Sec. 1.02, eff. April 1, 2009.

                    
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