Texas § 1013.210 USE OF BOND PROCEEDS.

Texas Statutes

§ 1013.210 — USE OF BOND PROCEEDS.

Texas § 1013.210

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 1013.210 (2026).

Text

Sec. 1013.210. USE OF BOND PROCEEDS. The district may use the proceeds of bonds issued under this subchapter to pay:

(1)any expense the board determines is reasonable and necessary to issue, sell, and deliver the bonds;

(2)interest payments on the bonds during a period of acquisition or construction of a project or facility to be provided through the bonds, not to exceed five years;

(3)costs related to the operation and maintenance of a project or facility to be provided through the bonds:

(A)during an estimated period of acquisition or construction, not to exceed five years; and

(B)for one year after the project or facility is acquired or constructed;

(4)costs related to the financing of the bond funds, including debt service reserve and contingency funds;

(5)costs related to the b

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Sec. 1013.210. USE OF BOND PROCEEDS. The district may use the proceeds of bonds issued under this subchapter to pay:
(1) any expense the board determines is reasonable and necessary to issue, sell, and deliver the bonds;
(2) interest payments on the bonds during a period of acquisition or construction of a project or facility to be provided through the bonds, not to exceed five years;
(3) costs related to the operation and maintenance of a project or facility to be provided through the bonds:
(A) during an estimated period of acquisition or construction, not to exceed five years; and
(B) for one year after the project or facility is acquired or constructed;
(4) costs related to the financing of the bond funds, including debt service reserve and contingency funds;
(5) costs related to the bond issuance;
(6) costs related to the acquisition of land or interests in land for a project or facility to be provided through the bonds; and
(7) costs of construction of a project or facility to be provided through the bonds, including the payment of related professional services and expenses.
SUBCHAPTER F. TAXES