Tex. Transp. Code § 441.178

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

Section 441.178 - Use of Bond Proceeds

The district may use bond proceeds to:

(1) construct, acquire, or improve a road facility;

(2) pay an expense related to the road facility;

(3) pay, or establish a reasonable reserve to pay, not more than three years' interest on the district's bonds; and

(4) pay an expense related to issuance and sale of bonds as provided by the bond orders or resolutions.

Tex. Transp. Code § 441.178

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.