Texas § 1504.265 USE OF BOND PROCEEDS.

Texas Statutes

§ 1504.265 — USE OF BOND PROCEEDS.

Texas § 1504.265

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 1504.265 (2026).

Text

Sec. 1504.265. USE OF BOND PROCEEDS. From the proceeds of bonds issued under this subchapter, a municipality may appropriate or set aside amounts:

(1)to pay interest and administrative and operating expenses expected to accrue during the period of construction;

(2)to be deposited into the reserve fund as provided in the ordinance authorizing the issuance of the bonds; and

(3)to pay all expenses incurred in the issuance, sale, and delivery of the bonds.

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Sec. 1504.265. USE OF BOND PROCEEDS. From the proceeds of bonds issued under this subchapter, a municipality may appropriate or set aside amounts:
(1) to pay interest and administrative and operating expenses expected to accrue during the period of construction;
(2) to be deposited into the reserve fund as provided in the ordinance authorizing the issuance of the bonds; and
(3) to pay all expenses incurred in the issuance, sale, and delivery of the bonds.