Tex. Health & Safety Code § 364.055 · Subchapter D. BONDS
INVESTMENT AND USE OF PROCEEDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioners court may set aside from proceeds of a bond sale:
(1) interest to accrue on the bonds;
(2) administrative expenses to the estimated date when the solid waste disposal system will become revenue producing; and
(3) reserve funds created by the resolution authorizing the bonds.
(b) Proceeds from the sale of bonds may be invested, pending their use, in the securities or time deposits as specified by the resolution authorizing the issuance of the bonds or the trust indenture securing the bonds.
(c) The earnings on the investments may be applied as provided by the resolution or trust indenture.
Notes and commentary — not statutory text
History
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/HS/htm/HS.364.htm
- Text hash
- sha256 ec1f0122eccde55292cb234b4d66cfd2f4bb7e8d317827066812ef98b6938919
- 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.