Tex. Loc. Gov't Code § 383.083 · Subchapter E. BONDS
USE OF BOND PROCEEDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The district may use bond proceeds to:
(1) pay interest on the bonds during and after the period of the acquisition or construction of a project;
(2) pay administrative and operating expenses;
(3) create a reserve fund for the payment of principal and interest on the bonds; and
(4) pay all expenses incurred or that will be incurred in the issuance, sale, and delivery of the bonds.
Notes and commentary — not statutory text
History
Added by Acts 1995, 74th Leg., ch. 995, Sec. 5, eff. Sept. 1, 1995. Renumbered from V.T.C.A, Tax Code Sec. 312.636 and amended by Acts 1997, 75th Leg., ch. 165, Sec. 23.05, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.383.htm
- Text hash
- sha256 63dbe08ce67e3302ff6299f7cf282b2a58517b4905ac56cbaf377e04591aa85b
- 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.