Section 1044.209 - Use of Bond Proceeds The district may use the proceeds of bonds issued under this subchapter to pay:
(1) any expense the board determines is reasonable and necessary to issue, sell, and deliver the bonds;(2) interest payments on the bonds during a period of acquisition or construction of a project or facility to be provided through the bonds, not to exceed five years;(3) costs related to the financing of the bond funds, including debt service reserve and contingency funds;(4) costs related to the bond issuance;(5) costs related to the acquisition of land or interests in land for a project or facility to be provided through the bonds; and(6) costs of construction of a project or facility to be provided through the bonds, including the payment of related professional services and expenses.Tex. Spec. Dist. Loc. Laws § 1044.209
Added by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 377,Sec. 4, eff. 6/10/2015.