Tex. Gov't Code § 1504.265 · Subchapter F. REVENUE BONDS FOR CULTURAL FACILITIES IN HOME-RULE MUNICIPALITIES WITH POPULATION OF 1.9 MILLION OR MORE
USE OF BOND PROCEEDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.1504.htm
- Text hash
- sha256 5e0f459cc0198da3b5c31728c17532d161db1485c1fa82709cac697e98202894
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.