Tex. Spec. Dists. Code § 8274.202
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
The proceeds from the sale of tax-supported district bonds may not be spent outside the district unless the expenditure is absolutely necessary to the operation of the district in the exercise of the district's rights, powers, privileges, and functions.
Tex. Spec. Dist. Loc. Laws § 8274.202