Texas Natural Resources Code 161.176 – Use of Fund to Pay Bond Expenses
Terms Used In Texas Natural Resources Code 161.176
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
The board may use money in the fund attributable to bonds issued and sold to pay:
(1) legal fees and fees for financial advice necessary in the opinion of the board to the sale of bonds;
(2) the expense of publishing notice of sale of an installment of bonds;
(3) the expense of printing the bonds;
(4) the expenses of issuance of the bonds, including the actual costs of travel, lodging, and meals of board members, officers or employees of the board, the comptroller, and the attorney general that are necessary in the opinion of the board to effectuate the issuance, rating, and delivery of the bonds;
(5) the cost of manually signing the bonds;
(6) remuneration to any agent employed by the board to pay the principal of and interest on the bonds;
(7) any amounts required to be paid to maintain the federal tax exemption of interest on the bonds; and
(8) all other costs, fees, and expenses relating to the issuance of the bonds.