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Tex. Special District Local Laws Code § 5018.0207

USE OF BOND PROCEEDS

Texas · Texas Special District Local Laws Code · Status: effective

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Tex. Special District Local Laws Code § 5018.0207, USE OF BOND PROCEEDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/602005
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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.