Tex. Local Government Code § 383.083
This is the official text of Tex. Local Government Code § 383.083, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 383.083. USE OF BOND PROCEEDS.
Official statutory text
The district may use bond proceeds to:
(1) pay interest on the bonds during and after the period of the acquisition or construction of a project;
(2) pay administrative and operating expenses;
(3) create a reserve fund for the payment of principal and interest on the bonds; and
(4) pay all expenses incurred or that will be incurred in the issuance, sale, and delivery of the bonds.
(1) pay interest on the bonds during and after the period of the acquisition or construction of a project;
(2) pay administrative and operating expenses;
(3) create a reserve fund for the payment of principal and interest on the bonds; and
(4) pay all expenses incurred or that will be incurred in the issuance, sale, and delivery of the bonds.
Status: in_force · Read it on the official government site
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