Sec. 56.809. UNEXPENDED BOND PROCEEDS. Any money received from the sale of bonds by a consolidating district that has not been spent before the date of consolidation may be spent by the consolidated district only on the project for which the bonds were issued.
Added by Acts 1999, 76th Leg., ch. 222, Sec. 12, eff. Sept. 1, 1999.
Section: Previous 56.751 56.752 56.753 56.754 56.755 56.756 56.801 56.802 56.803 56.804 56.805 56.806 56.807 56.808 56.809Last modified: September 28, 2016