Texas Statutes

§ 1433.067 — USE OF BOND PROCEEDS.

Texas § 1433.067
JurisdictionTexas
Code GVGovernment Code

This text of Texas § 1433.067 (USE OF BOND PROCEEDS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Tex. Government Code Code Ann. § 1433.067 (2026).

Text

Sec. 1433.067. USE OF BOND PROCEEDS. The proceeds of the bonds of each issue may be used only for the payment of the cost of the industrial project or medical project for which the bonds were issued, and shall be disbursed in the manner and under any restrictions provided in the resolution authorizing the issuance of the bonds or in the trust agreement securing the bonds. Any proceeds of the bonds of an issue that exceed the cost of the project for which the bonds were issued shall be deposited to the credit of the sinking fund for those bonds.

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Legislative History

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.

Nearby Sections

15
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Bluebook (online)
Texas § 1433.067, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/1433.067.