Tex. Gov't Code § 1504.265

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

Section 1504.265 - Use of Bond Proceeds

From the proceeds of bonds issued under this subchapter, a municipality may appropriate or set aside amounts:

(1) to pay interest and administrative and operating expenses expected to accrue during the period of construction;

(2) to be deposited into the reserve fund as provided in the ordinance authorizing the issuance of the bonds; and

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

Tex. Gov't. Code § 1504.265

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