Tex. Spec. Dists. Code § 5004.206

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

Section 5004.206 - Use of Bond Proceeds

The board may appropriate or set aside an amount of proceeds from the sale of any district bonds for:

(1) the payment of interest expected to accrue during construction of the improvements or facilities;

(2) reserve funds; and

(3) expenses incurred and to be incurred in the issuance, sale, and delivery of the bonds.

Tex. Spec. Dist. Loc. Laws § 5004.206

Added by Acts 2007, 80th Leg., R.S., Ch. 920, Sec. 1.04, eff. 4/1/2009.