Tex. Water Code § 54.521 · Subchapter F. ISSUANCE OF BONDS
USE OF BOND PROCEEDS TO PAY CERTAIN INTEREST.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
The district may use bond proceeds to pay or to establish a reasonable reserve to pay not more than three years' interest on the notes and bonds of the district as provided in the bond orders or resolutions.
Notes and commentary — not statutory text
History
Added by Acts 1979, 66th Leg., p. 882, ch. 402, Sec. 1, eff. Aug. 27, 1979.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.54.htm
- Text hash
- sha256 58bf2d73cf08c5655bdd2c96d4d2bdac2dd08f591017400ba3653851423090f8
- 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
Cited by 2 provisions
Provisions in this library whose text cites Tex. Water Code § 54.521. Each shows the citation as that text prints it.
Special District Local Laws Code
- Tex. Spec. Dist. Local Laws Code § 3833.354APPLICABILITY OF MUNICIPAL UTILITY DISTRICTS BONDS LAW.Printed as Sections 54.510, 54.512, 54.518, 54.520, and 54.521, Water Code
- Tex. Spec. Dist. Local Laws Code § 8282.251AUTHORITY TO ISSUE BONDS.Printed as Sections 54.501-54.515 and 54.518-54.521, Water Code
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.