Texas Statutes
§ 293.056 — INITIAL INTEREST.
Texas § 293.056
JurisdictionTexas
Code LGLocal Government Code
This text of Texas § 293.056 (INITIAL INTEREST.) 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. Local Government Code Code Ann. § 293.056 (2026).
Text
Sec. 293.056. INITIAL INTEREST. The board may set aside the following money from the proceeds from the sale of bonds:
(1)money necessary to pay interest on the bonds for not more than two years; and
(2)money that the board estimates to be necessary to pay the authority's operating expenses for its first year of operation.
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Legislative History
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Nearby Sections
15
§ 293.001
SHORT TITLE.§ 293.002
DEFINITIONS.§ 293.003
COUNTIES SUBJECT TO CHAPTER.§ 293.004
COUNTY BUILDING STUDY COMMITTEE.§ 293.021
ELECTION; COUNTY BUILDING AUTHORITY.§ 293.022
PURPOSES OF AUTHORITY.§ 293.023
BOARD OF DIRECTORS.§ 293.024
EMPLOYEES.§ 293.025
COMPTROLLER.§ 293.026
POWERS OF AUTHORITY.§ 293.027
OPERATION OF AUTHORITY.§ 293.028
DEPOSITORY.§ 293.029
INVESTMENT OF FUNDS.§ 293.030
LAW AFFECTING CERTAIN CONTRACTS.§ 293.031
UNDERGROUND SHELTER.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 293.056, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LG/293.056.