Texas Special District Local Laws Code § 6610.255 Use Of Bond Proceeds

Sec. 6610.255. USE OF BOND PROCEEDS. (a) The board may appropriate or set aside out of proceeds from the sale of district bonds an amount for:

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

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

(b) For purposes of this section, the period of construction may not exceed three years.

Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.01, eff. April 1, 2017.

Section: Previous  6610.107  6610.108  6610.109  6610.151  6610.152  6610.153  6610.154  6610.201  6610.202  6610.203  6610.204  6610.251  6610.252  6610.253  6610.254

Last modified: September 28, 2016