Texas Water Code 49.151 – Expenditures
Current as of: 2024 | Check for updates
|
Other versions
(a) Except as hereinafter provided, a district‘s money may be disbursed only by check, draft, order, or other instrument that shall be signed by at least a majority of the directors.
(b) The board may by resolution allow the general manager, treasurer, bookkeeper, or other employee of the district to sign disbursements.
Terms Used In Texas Water Code 49.151
- Board: means the governing body of a district. See Texas Water Code 49.001
- District: means any district or authority created by authority of either Sections Texas Water Code 49.001
- Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
(c) The board may allow disbursements of district money to be transferred by federal reserve wire system or by electronic means. The board by resolution may allow the wire or electronic transfers to accounts in the name of the district or accounts not in the name of the district.