Tex. Water Code § 30.064
This is the official text of Tex. Water Code § 30.064, part of Texas’s Water Code — governs water rights and water resource management.
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§ 30.064. FUNDS SET ASIDE FROM BOND PROCEEDS.
Official statutory text
The district may set aside out of the proceeds from the sale of bonds:
(1) interest to accrue on the bonds and administrative expenses to the estimated date when the disposal system will become revenue producing; and
(2) reserve funds created by the resolution authorizing the bonds.
(1) interest to accrue on the bonds and administrative expenses to the estimated date when the disposal system will become revenue producing; and
(2) reserve funds created by the resolution authorizing the bonds.
Status: in_force · Read it on the official government site
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