Tex. Government Code § 1471.028
USE OF SURPLUS SINKING FUND
Texas · Texas Government Code · Status: effective
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- Citation
- Tex. Government Code § 1471.028, USE OF SURPLUS SINKING FUND, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/660667
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Full text
An amount remaining in the sinking fund after the principal of and interest on the bonds are fully paid may be used by a political subdivision:
(1) for the construction, maintenance, and operation of macadamized, graveled, or paved roads or turnpikes;
(2) to aid a purpose described by Subdivision (1); or
(3) for a permanent improvement authorized by law as determined by the officials of the political subdivision.