Section 285.007 - Limitation on Use of Proceeds; Audit(a) An advance under a revenue anticipation agreement may be used only for the purposes authorized by this subchapter.(b) It is not a defense to repayment of advanced amounts that the funds are used for a purpose not authorized by this subchapter.(c) The auditor of the hospital district shall:(1) audit the use of advanced funds at the time of the district's regular audit; and(2) certify to the commissioners court whether those funds are used for proper operating and maintenance purposes authorized by this subchapter.Tex. Health and Safety Code § 285.007
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. 9/1/1989.