Tex. Special District Local Laws Code § 1044.209
USE OF BOND PROCEEDS
Texas · Texas Special District Local Laws Code · Status: effective
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- Citation
- Tex. Special District Local Laws Code § 1044.209, USE OF BOND PROCEEDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/587340
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Full text
The district may use the proceeds of bonds issued under this subchapter to pay:
(1) any expense the board determines is reasonable and necessary to issue, sell, and deliver the bonds;
(2) interest payments on the bonds during a period of acquisition or construction of a project or facility to be provided through the bonds, not to exceed five years;
(3) costs related to the financing of the bond funds, including debt service reserve and contingency funds;
(4) costs related to the bond issuance;
(5) costs related to the acquisition of land or interests in land for a project or facility to be provided through the bonds; and
(6) costs of construction of a project or facility to be provided through the bonds, including the payment of related professional services and expenses.