Tex. Loc. Gov't Code § 505.302 · Subchapter G. USE OF TAX PROCEEDS
PAYMENT OF PROJECT COSTS, BONDS, OR OTHER OBLIGATIONS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
The proceeds of the sales and use tax imposed under this chapter may be used to:
(1) pay the costs of projects of the types added to the definition of "project" by Subchapter D; or
(2) pay the principal of, interest on, and other costs relating to bonds or other obligations issued by the Type B corporation to:
(A) pay the costs of the projects; or
(B) refund bonds or other obligations issued to pay the costs of projects.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.505.htm
- Text hash
- sha256 f15765502254f48d9a112769054af30e09f00107167e45fb8b179e6effdafb5c
- 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.