Texas Water Code § 54.521 Use Of Bond Proceeds To Pay Certain Interest

Sec. 54.521. USE OF BOND PROCEEDS TO PAY CERTAIN INTEREST. The district may use bond proceeds to pay or to establish a reasonable reserve to pay not more than three years' interest on the notes and bonds of the district as provided in the bond orders or resolutions.

Added by Acts 1979, 66th Leg., p. 882, ch. 402, Sec. 1, eff. Aug. 27, 1979.

Section: Previous  54.507  54.510  54.512  54.514  54.5161  54.518  54.520  54.521  54.522  54.601  54.602  54.603  54.604  54.728  54.729  Next

Last modified: September 28, 2016