Texas § 505.302 PAYMENT OF PROJECT COSTS, BONDS, OR OTHER OBLIGATIONS.

Texas Statutes

§ 505.302 — PAYMENT OF PROJECT COSTS, BONDS, OR OTHER OBLIGATIONS.

Texas § 505.302

Code LGLocal Government Code

This text of Texas § 505.302 (PAYMENT OF PROJECT COSTS, BONDS, OR OTHER OBLIGATIONS.) 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. § 505.302 (2026).

Text

Sec. 505.302. PAYMENT OF PROJECT COSTS, BONDS, OR OTHER OBLIGATIONS. The proceeds of the sales and use tax imposed under this chapter may be used to:

(1)pay the costs of projects of the types added to the definition of "project" by Subchapter D; or

(2)pay the principal of, interest on, and other costs relating to bonds or other obligations issued by the Type B corporation to:

(A)pay the costs of the projects; or

(B)refund bonds or other obligations issued to pay the costs of projects.

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Sec. 505.302. PAYMENT OF PROJECT COSTS, BONDS, OR OTHER OBLIGATIONS. The proceeds of the sales and use tax imposed under this chapter may be used to:
(1) pay the costs of projects of the types added to the definition of "project" by Subchapter D; or
(2) pay the principal of, interest on, and other costs relating to bonds or other obligations issued by the Type B corporation to:
(A) pay the costs of the projects; or
(B) refund bonds or other obligations issued to pay the costs of projects.