Tex. Gov't Code § 1472.006

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

Section 1472.006 - Use of Funds Established for Bonds Being Refunded

On cancellation of the bonds being refunded, the commissioners court may use money in any fund established by the resolution or order authorizing the issuance of the bonds to be refunded:

(1) to pay the principal of and accrued interest on the bonds to be refunded;

(2) to pay any required redemption premium;

(3) to make a payment into the road and bridge fund of the county; or

(4) for any other lawful purpose.

Tex. Gov't. Code § 1472.006

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.