Tex. Spec. Dist. Local Laws Code § 1044.209 · Subchapter E. BONDS
USE OF BOND PROCEEDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The district may use the proceeds of bonds issued under this subchapter to pay:
(1) any expense the board determines is reasonable and necessary to issue, sell, and deliver the bonds;
(2) interest payments on the bonds during a period of acquisition or construction of a project or facility to be provided through the bonds, not to exceed five years;
(3) costs related to the financing of the bond funds, including debt service reserve and contingency funds;
(4) costs related to the bond issuance;
(5) costs related to the acquisition of land or interests in land for a project or facility to be provided through the bonds; and
(6) costs of construction of a project or facility to be provided through the bonds, including the payment of related professional services and expenses.
Notes and commentary — not statutory text
History
Added by Acts 2015, 84th Leg., R.S., Ch. 377 (H.B. 797), Sec. 4, eff. June 10, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.1044.htm
- Text hash
- sha256 69d722b23bec23d67f7571768f49db39c95da94c6e9da827567e475beb7495ee
- 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.