Tex. Spec. Dist. Local Laws Code § 5004.206 · Subchapter E. BONDS
USE OF BOND PROCEEDS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
The board may appropriate or set aside an amount of proceeds from the sale of any district bonds for:
(1) the payment of interest expected to accrue during construction of the improvements or facilities;
(2) reserve funds; and
(3) expenses incurred and to be incurred in the issuance, sale, and delivery of the bonds.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.04, 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/SD/htm/SD.5004.htm
- Text hash
- sha256 900726a4da53f665756cc4cabb5ef87c8699fa74de672c3c618b5e4fc32d01eb
- 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.