Tex. Loc. Gov't Code § 254.061 · Subchapter C. OBLIGATIONS
USE OF CERTAIN PROCEEDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
From the proceeds from the sale of obligations issued under this chapter, there may be appropriated or set aside:
(1) an amount for the payment of interest expected to accrue while an island property facility or improvement is under construction;
(2) an amount necessary to pay expenses related to the issuance, sale, and delivery of the obligations; and
(3) an amount required by the ordinance or resolution authorizing the issuance of the obligations to be deposited to the credit of a reserve or other fund.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 9, 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/LG/htm/LG.254.htm
- Text hash
- sha256 f13e1ce353132475e9d16eadd268d01140b8dda967fc80bc976bfd01d5dbbe1d
- 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.