Tex. Nat. Res. Code § 221.048 · Subchapter C. PROVISIONS FOR POLITICAL SUBDIVISIONS
BOND PROCEEDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
If the use authorized by the order or resolution authorizing the issuance of a bond under Section 221.046, the bond proceeds may be used to:
(1) pay interest on the bond during or after the acquisition or construction of an improvement project financed by the bond issue;
(2) pay administrative and operation expenses;
(3) create a reserve fund for payment of the principal of and interest on the bonds; or
(4) create any other fund.
Notes and commentary — not statutory text
History
Added by Acts 1997, 75th Leg., ch. 165, Sec. 24.01(a), 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/NR/htm/NR.221.htm
- Text hash
- sha256 65fd8b749641da985c82d6c0d03a93e4d5ecea6e8f5413165921619a55653dcd
- 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
This section cites
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Natural Resources Code
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