Texas Transportation Code - Section 54.112. Use Of Certain Proceeds
Legal Research Home >
Texas Lawyer > Transportation Code > Texas Transportation Code - Section 54.112. Use Of Certain Proceeds
§ 54.112. USE OF CERTAIN PROCEEDS. From the proceeds
from the sale of obligations issued under this chapter, there may be
appropriated or set aside:
(1) an amount for the payment of interest expected to
accrue while a port improvement or facility is under construction;
(2) an amount necessary to pay all expenses incurred
and to be incurred in the issuance, sale, and delivery of the
obligations; and
(3) an amount required by the ordinance or resolution
authorizing the issuance of the obligations to be deposited to the
credit of a reserve fund or other fund specified by the ordinance or
resolution.
Added by Acts 1999, 76th Leg., ch. 227, § 20, eff. Sept. 1, 1999.
Section: 54.105 54.106 54.107 54.108 54.109 54.110 54.111 54.112 54.113 54.114 54.151 54.152 54.153 54.154 54.155
Last modified: August 10, 2007
|
