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Tex. Special District Local Laws Code § 8270.255

USE OF BOND PROCEEDS DURING CONSTRUCTION

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

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Tex. Special District Local Laws Code § 8270.255, USE OF BOND PROCEEDS DURING CONSTRUCTION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/613585
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(a) The district may appropriate or set aside out of the proceeds from the sale of any bonds issued under this subchapter an amount for the payment of interest, administrative, and operating expenses expected to accrue during a period of construction, as may be provided in the bond orders or resolutions. (b) For purposes of this section, the period of construction may not exceed three years.