Tex. Gov't Code § 2306.373 · Subchapter Q. HOUSING FINANCE DIVISION BONDS: BOARD ACTION ON BONDS
USE OF BOND PROCEEDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The board may provide in a resolution authorizing the issuance of department bonds that part of the proceeds from the sale of the bonds may be used to:
(1) pay the costs and expenses of issuing the bonds;
(2) pay interest on the bonds during a period required by the board;
(3) pay or repay the department's operation and maintenance expenses to the extent and for the period specified in the resolution; and
(4) fund, increase, or restore any depletions of the reserve fund or of other reserves or funds for any purpose.
Notes and commentary — not statutory text
History
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2306.htm
- Text hash
- sha256 e3d5219813a339cc9dc065602f47fa54f26ce0458ced18f9f168a3d439c8aa38
- 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.