Texas § SD.3001.151 - POWERS AND DUTIES RELATED TO FINANCES
Full text of Texas The Texas Constitution § SD.3001.151 — POWERS AND DUTIES RELATED TO FINANCES, with citation guidance and answers to common questions.
§ SD.3001.151. POWERS AND DUTIES RELATED TO FINANCES
POWERS AND DUTIES RELATED TO FINANCES. (a) The district may: (1) acquire and dispose of money; (2) impose a charge for using a facility or a service the district provides; (3) issue an obligation as provided by this subchapter; (4) borrow money; (5) loan money; (6) invest money under its control in an investment permitted by Chapter 2256 , Government Code; (7) select a depository; (8) establish a system of accounts for the district; and (9) set the fiscal year for the district. (b) The district shall endeavor to raise revenue sufficient to pay the district's debts. (c) The board by rule shall establish the procedure and number of directors' signatures required to disburse or transfer district money. Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § SD.3001.151
What does The Texas Constitution § SD.3001.151 cover?
Section SD.3001.151 ("POWERS AND DUTIES RELATED TO FINANCES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § SD.3001.151?
A common citation format is "The Texas Constitution § SD.3001.151" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § SD.3001.151 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.