Tex. Educ. Code § 53A.38
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Money for the payment of not more than two years' interest on the bonds and an amount estimated by the board to be required for operating expenses during the first year of operation may be set aside for those purposes out of the proceeds from the sale of the bonds.
Tex. Educ. Code § 53A.38