Texas Transportation Code § 441.178 Use Of Bond Proceeds

Sec. 441.178. USE OF BOND PROCEEDS. The district may use bond proceeds to:

(1) construct, acquire, or improve a road facility;

(2) pay an expense related to the road facility;

(3) pay, or establish a reasonable reserve to pay, not more than three years' interest on the district's bonds; and

(4) pay an expense related to issuance and sale of bonds as provided by the bond orders or resolutions.

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.

Section: Previous  441.171  441.172  441.173  441.174  441.175  441.176  441.177  441.178  441.179  441.180  441.191  441.192  441.193  441.194  441.195  Next

Last modified: September 28, 2016