Texas Special District Local Laws Code 5018.0207 – Use of Bond Proceeds
Current as of: 2024 | Check for updates
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The board may appropriate or set aside out of the proceeds from the sale of any district bonds:
(1) an amount for the payment of interest expected to accrue during the period of construction of the improvements or facilities; and
(2) an amount necessary to pay all expenses incurred and to be incurred in the issuance, sale, and delivery of the bonds.