Texas § 1471.028 USE OF SURPLUS SINKING FUND.

Texas Statutes

§ 1471.028 — USE OF SURPLUS SINKING FUND.

Texas § 1471.028

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 1471.028 (2026).

Text

Sec. 1471.028. USE OF SURPLUS SINKING FUND. 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.

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Sec. 1471.028. USE OF SURPLUS SINKING FUND. 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.