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Tex. Water Code § 54.521

USE OF BOND PROCEEDS TO PAY CERTAIN INTEREST

Texas · Texas Water Code · Status: effective

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Tex. Water Code § 54.521, USE OF BOND PROCEEDS TO PAY CERTAIN INTEREST, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/581308
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The district may use bond proceeds to pay or to establish a reasonable reserve to pay not more than three years' interest on the notes and bonds of the district as provided in the bond orders or resolutions.