Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 9045.205 - Use of Bond Proceeds(a) The district may appropriate or set aside out of proceeds from the sale of district bonds an amount for:(1) the payment of interest, administrative, and operating expenses expected to accrue during the period of construction, as may be provided in the bond orders or resolutions; and(2) the payment of all expenses incurred and to be incurred in the issuance, sale, and delivery of the bonds.(b) For purposes of this section, the period of construction may not exceed three years.Tex. Spec. Dist. Loc. Laws § 9045.205
Added by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 855,Sec. 1.06, eff. 4/1/2017.