Tex. Spec. Dist. Local Laws Code § 5018.0207 · 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 out of the proceeds from the sale of any district bonds:

(1) an amount for the payment of interest expected to accrue during the period of construction of the improvements or facilities; and

(2) an amount necessary to pay all 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 2019, 86th Leg., R.S., Ch. 468 (H.B. 4172), Sec. 1.01, eff. April 1, 2021.

Source of truth

Edition: Current through the 89th 2nd Called Legislative Session, 2025
Official file: https://statutes.capitol.texas.gov/Docs/SD/htm/SD.5018.htm
Text hash: sha256 a698a808bec04c42f28927b7d7070bac5b841639bd88a20df0b6d93e72808226
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.