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Tex. Local Government Code § 505.302

PAYMENT OF PROJECT COSTS, BONDS, OR OTHER OBLIGATIONS

Texas · Texas Local Government Code · Status: effective

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Tex. Local Government Code § 505.302, PAYMENT OF PROJECT COSTS, BONDS, OR OTHER OBLIGATIONS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/694208
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The proceeds of the sales and use tax imposed under this chapter may be used to: (1) pay the costs of projects of the types added to the definition of "project" by Subchapter D; or (2) pay the principal of, interest on, and other costs relating to bonds or other obligations issued by the Type B corporation to: (A) pay the costs of the projects; or (B) refund bonds or other obligations issued to pay the costs of projects.