Texas Special District Local Laws Code § 5004.206 Use Of Bond Proceeds

Sec. 5004.206. USE OF BOND PROCEEDS. The board may appropriate or set aside an amount of proceeds from the sale of any district bonds for:

(1) the payment of interest expected to accrue during construction of the improvements or facilities;

(2) reserve funds; and

(3) expenses incurred and to be incurred in the issuance, sale, and delivery of the bonds.

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.04, eff. April 1, 2009.

Section: Previous  5004.113  5004.114  5004.151  5004.152  5004.153  5004.154  5004.155  5004.156  5004.157  5004.201  5004.202  5004.203  5004.204  5004.205  5004.206

Last modified: September 28, 2016