Tex. Loc. Gov't Code § 383.083

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 383.083 - Use of Bond Proceeds

The district may use bond proceeds to:

(1) pay interest on the bonds during and after the period of the acquisition or construction of a project;

(2) pay administrative and operating expenses;

(3) create a reserve fund for the payment of principal and interest on the bonds; and

(4) pay all expenses incurred or that will be incurred in the issuance, sale, and delivery of the bonds.

Tex. Loc. Gov't. Code § 383.083

Added by Acts 1995, 74th Leg., ch. 995, Sec. 5, eff. 9/1/1995. Renumbered from V.T.C.A, Tax Code Sec. 312.636 and amended by Acts 1997, 75th Leg., ch. 165, Sec. 23.05, eff. 9/1/1997.