Tex. Loc. Gov't Code § 293.056

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

Section 293.056 - Initial Interest

The board may set aside the following money from the proceeds from the sale of bonds:

(1) money necessary to pay interest on the bonds for not more than two years; and

(2) money that the board estimates to be necessary to pay the authority's operating expenses for its first year of operation.

Tex. Loc. Gov't. Code § 293.056

Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. 9/1/1987.