Texas § 363.139 INVESTMENT AND USE OF PROCEEDS.

Texas Statutes

§ 363.139 — INVESTMENT AND USE OF PROCEEDS.

Texas § 363.139

Code HSHealth and Safety Code

This text of Texas § 363.139 (INVESTMENT AND USE OF 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. Health and Safety Code Code Ann. § 363.139 (2026).

Text

Sec. 363.139. INVESTMENT AND USE OF PROCEEDS.

(a)Money may be set aside out of bond proceeds to provide for:

(1)interest to accrue on the bonds;

(2)administrative expenses up to the estimated date on which the solid waste management system will produce revenue; and

(3)reserve funds created by the resolution that authorized the bonds.

(b)Proceeds from the sale of bonds may be invested, pending their use, in the securities or time deposits specified by the resolution authorizing the issuance of the bonds or the trust indenture securing the bonds.

(c)The earnings on the investments may be applied as provided by the resolution or trust indenture.

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Sec. 363.139. INVESTMENT AND USE OF PROCEEDS. (a) Money may be set aside out of bond proceeds to provide for:
(1) interest to accrue on the bonds;
(2) administrative expenses up to the estimated date on which the solid waste management system will produce revenue; and
(3) reserve funds created by the resolution that authorized the bonds.
(b) Proceeds from the sale of bonds may be invested, pending their use, in the securities or time deposits specified by the resolution authorizing the issuance of the bonds or the trust indenture securing the bonds.
(c) The earnings on the investments may be applied as provided by the resolution or trust indenture.