Texas Special District Local Laws Code § 3831.156 Project Fund

Sec. 3831.156. PROJECT FUND. (a) The district by resolution shall establish a project fund.

(b) The district may establish separate accounts in the project fund.

(c) The district shall deposit into the project fund all money acquired or received by the district, including:

(1) the proceeds from an ad valorem tax imposed by the district; and

(2) revenue from the sale of district obligations.

Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.03, eff. April 1, 2007.

Section: Previous  3831.113  3831.114  3831.151  3831.152  3831.153  3831.154  3831.155  3831.156  3831.157  3831.158  3831.159  3831.160  3831.201  3831.202  3831.203  Next

Last modified: September 28, 2016