Tex. Transportation Code § 441.178
This is the official text of Tex. Transportation Code § 441.178, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 441.178. USE OF BOND PROCEEDS.
Official statutory text
The district may use bond proceeds to:
(1) construct, acquire, or improve a road facility;
(2) pay an expense related to the road facility;
(3) pay, or establish a reasonable reserve to pay, not more than three years' interest on the district's bonds; and
(4) pay an expense related to issuance and sale of bonds as provided by the bond orders or resolutions.
(1) construct, acquire, or improve a road facility;
(2) pay an expense related to the road facility;
(3) pay, or establish a reasonable reserve to pay, not more than three years' interest on the district's bonds; and
(4) pay an expense related to issuance and sale of bonds as provided by the bond orders or resolutions.
Status: in_force · Read it on the official government site
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