Texas § 2306.373 USE OF BOND PROCEEDS.

Texas Statutes

§ 2306.373 — USE OF BOND PROCEEDS.

Texas § 2306.373

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 2306.373 (2026).

Text

Sec. 2306.373. USE OF BOND PROCEEDS. The board may provide in a resolution authorizing the issuance of department bonds that part of the proceeds from the sale of the bonds may be used to:

(1)pay the costs and expenses of issuing the bonds;

(2)pay interest on the bonds during a period required by the board;

(3)pay or repay the department's operation and maintenance expenses to the extent and for the period specified in the resolution; and

(4)fund, increase, or restore any depletions of the reserve fund or of other reserves or funds for any purpose.

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Sec. 2306.373. USE OF BOND PROCEEDS. The board may provide in a resolution authorizing the issuance of department bonds that part of the proceeds from the sale of the bonds may be used to:
(1) pay the costs and expenses of issuing the bonds;
(2) pay interest on the bonds during a period required by the board;
(3) pay or repay the department's operation and maintenance expenses to the extent and for the period specified in the resolution; and
(4) fund, increase, or restore any depletions of the reserve fund or of other reserves or funds for any purpose.