Tex. Transportation Code § 441.178
USE OF BOND PROCEEDS
Texas · Texas Transportation Code · Status: effective
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- Citation
- Tex. Transportation Code § 441.178, USE OF BOND PROCEEDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/570609
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Full 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.